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Business, 04.04.2020 08:39 amourrrblackkkk

Exercise 15-7 The following section is taken from Ohlman Corp.’s balance sheet at December 31, 2016. Current liabilities Interest payable $ 157,050 Long-term liabilities Bonds payable, 9%, due January 1, 2021 1,745,000 Bond interest is payable annually on January 1. The bonds are callable on any interest date. Journalize the payment of the bond interest on January 1, 2017.

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Exercise 15-7 The following section is taken from Ohlman Corp.’s balance sheet at December 31, 2016....
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