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Business, 15.02.2021 22:50 keeks11

On October 1, 2020 Sunland Company issued 6%, 10-year bonds with a face value of $5930000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include a credit of $237200 to Premium on Bonds Payable. $177900 to Interest Payable. $237200 to Discount on Bonds Payable. $5692800 to Bonds Payable.

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On October 1, 2020 Sunland Company issued 6%, 10-year bonds with a face value of $5930000 at 104. In...
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