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Why does a company collect interest from the bond's purchaser at the time of sale when issuing bonds between interest payment dates? When bonds are
Why does a company collect interest from the bond's purchaser at the time of sale when issuing bonds between interest payment dates? When bonds are issued between interest dates, provide the JE for the first interest payment date. JEs must always list the account(s) being debited first then account(s) being credited. The account name of accounts being credited must be indented.
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