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Fast2F Fast2F
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6 years ago
Island Corporation issued $500,000 of 6%, 10-year bonds at 104 on May 1, 2009. Interest is paid semiannually on October 31 and April 30. Journalize the entries for the issuance of the bond on May 1, the first interest payment on October 31 using straight-line method, and the adjusting entry on December 31.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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Fast2F Author
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#2
6 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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