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Accounting

Problem:

Wasserman Corporation issued 12-year bonds on January 1, 2013. Costs associated with the bond issuance were $195,600. Wasserman uses the straight-line method to amortize bond issue costs.

Required:

Question 1: Prepare the December 31, 2013, entry to record 2013 bond issue cost amortization.

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165246

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