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What doe On July 1 , 2 0 2 3 , TTD Limited issued bonds with a face value of $ 9 4 0 ,
What doe
On July TTD Limited issued bonds with a face value of $ due in years, paying interest at a face rate of on January and July each year. The bonds were issued to yield The company's yearend was September The company used the effective interest method of amortization.
Click here to view the factor table PRESENT VALUE OF
Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF
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b
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Prepare the yearend accrual entry for TTD Limited at September Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Round answers to decimal places, eg List all debit entries before credit entries.
Account Titles and Explanation
Debit
Credit
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