Dean Plumbing issues $1,000,000 face value, noninterest-bearing bonds on December 31, 2009. The bonds are issued at

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Dean Plumbing issues $1,000,000 face value, noninterest-bearing bonds on December 31, 2009. The bonds are issued at 65 and mature on December 31, 2013.

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Assuming the straight-line amortization method is followed provide the journal entry on December 31, 2012.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:23 AM

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Dean Plumbing issues $1,000,000 face value, noninterest-bearing bonds on December 31, 2009. The bonds are issued at

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Cornerstones of Financial and Managerial Accounting

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