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Question: The pearl company issued 210000 of 9% bonds on January 1 2017. The bonds are due January 1 2022 with interest payable each July 1 and January 1. The bonds were issued at 96.

Prepare the journal entries for

(a) Jan 1

(b) July 1 and

Assume the pearl company records straight line amortization semi annually

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92867922

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