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April 17, 2014

Homework Help: accounting

Posted by Kimmie on Saturday, December 8, 2012 at 7:34pm.

You issue a $120,000 bond at par on March 31 due in 10 years that pays 11%.
You pay interest on September 30.
You pay off the bond ten years later. Assume that the company makes no adjusting entries. What journal entries should be recorded to issue the bond, pay interest and payoff the bond?

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