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Business, 17.12.2019 01:31 elliswilliams1063

Larkspur corporation issued $680,000 of 9% bonds on november 1, 2020, for $719,619. the bonds were dated november 1, 2020, and mature in 8 years, with interest payable each may 1 and november 1. larkspur uses the effective-interest method with an effective rate of 8%. prepare larkspur’s december 31, 2020, adjusting entry.

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Larkspur corporation issued $680,000 of 9% bonds on november 1, 2020, for $719,619. the bonds were d...
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