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Harrison Harrison
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6 years ago
On January 1, 2013, JetNew Corp. issued $300,000 of 8%, 5-year bonds, with annual interest payments on January 1. The bonds were issued when the market rate was higher than 8% and thus JetNew received $265,000 for this bond. Prepare the journal entry to record the issuance of this bond on January 1, 2013. Show how this bond would appear on the balance sheet.
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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AlexmosutheAlexmosuthe
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