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Prepare the journal entrie to record the issuance of the bonds and the first two interest

 
The Bryan Company issued $500,000 of 10% face value bonds on January 1, 2007 for $486,000. The bonds are due December 31, 2009, and pay interest semi annually on June 30 and December 31. The company uses the straight-line ammortization method. Prepare the journal entrie to record the issuance of the bonds and the first two interest payments.

May 02 2018 Read more Less More

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