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Tyumen Chapter 14 Question 4 of 7 1.7372 E The Tamarisk Company issued $ 340,000 of 10% bonds on January 1, 2020. The bonds are
Tyumen Chapter 14 Question 4 of 7 1.7372 E The Tamarisk Company issued $ 340,000 of 10% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 97 Prepare the journal entries for (a) January 16) July 1, and (c) December 31. Assume The Tamarisk Company records straight-line amortization semiannually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit an. 1.2020 Cash 329800 Discount on Bonds Payable 10200 - 040000 Bonds Payable 17510 ly 2020) Interest Expense 5110 Discount on Bonds Payable 17000 Cash 17510 31 2020 Interest Expense 510 Discount on Bonds Payable 17000 Interest Payable
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