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upton upton
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6 years ago
On July 1, Carly Corporation issued 10-year 9%, $600,000 bonds for $640,771, a price to yield 8% market rate. Interest dates are June 30 and December 31. Record the following journal entries:

a. Issuance of the bonds.
b. The semiannual interest payment and amortization of the premium on December 31 using the interest method.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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6 years ago
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upton Author
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