(Answered) Question - alpha company purchased a 1000 5 years 6 bond on

Accounting

Question - Alpha Company purchased a $1000, 5 years, 6% bond on July 1, 2015 for $960. Interest is paid annually on June 30. The straight line method of amortization is used for both premiums & discounts. Use this information to prepare the General Journal entry (without explanation) for the June 30, 2016. If no entry is required put "no entry required".

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