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The following data relate to a $200,000,000, 5% bond issued for a selected semiannual interest period: Bond carrying amount at beginning of period $216,221,792 Interest
The following data relate to a $200,000,000, 5% bond issued for a selected semiannual interest period: Bond carrying amount at beginning of period $216,221,792 Interest paid during period 5,000,000 Interest expense allocable to the period 4,864,990 What account was debited to amortize the discount or premium?? please explain
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