On January 1 2010 Conway Computers issued 500 000 15 10 year
On January 1, 2010, Conway Computers issued $500,000, 15%, 10-year bonds at face value. Interest is payable on January 1. Use the accounting equation to record the following:
1. The bond issue
2. The accrual of interest on December 31, 2010
3. The payment of interest on January 1, 2011

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