Dillon issued bonds payable in 2009.on dec 312010 dillon, Ask an Expert

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dillon issued bonds payable in 2009.on dec 31,2010 dillon paid interest on the bonds for $20000. the bookkeeper,m who does not understnad the concept of bond premiun amorization, debited interest expense and credited cash for entire $20000. what is the adjusting entry needed?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M989683

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