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Yale Corporation issued $ 1 5 6 , 0 0 0 , 8 % ( cash interest payable semiannually on June 3 0 and December
Yale Corporation issued $cash interest payable semiannually on June and December year bonds dated and sold on January Yale amortizes any bond discount or premium using the straightline amortization method. If the bonds were sold at provide journal entries to be made at each of the following dates.
a January for issuance of bonds.
b March for accrual of interest for quarterly reporting.
c June for the first interest payment. No reversing entries made.
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