On January 1, 2013, Chavez Corp. issued $200,000 of 10-year, 6 percent bonds at their face value.

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On January 1, 2013, Chavez Corp. issued $200,000 of 10-year, 6 percent bonds at their face value. Interest is payable on December 31 of each year with the first payment due December 31, 2013.

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Prepare all the general journal entries related to these bonds for 2013 and 2014.

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Related Book For  book-img-for-question

Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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