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11/06/19
Prepare the journal entries for December 31, 2021 and 2022.
Charger Battery issued $200,000 of 11%, 7-year bonds on January 1, 2020, for $220,132. Interest is paid annually on December 31. The market rate of interest is 9%.Prepare the journal entries for...
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11/06/19
Prepare the journal entry for December 31, 2020 and 2021.
Crafty Corporation issued $475,000 of 5%, 7-year bonds on January 1, 2020, for $448,484. Interest is paid annually on December 31. The market rate of interest is 6%.Prepare the journal entry for...
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