Refer to the data in PE 12-53 and 12-54. Walsh decided to sell the bonds for $67,000

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Refer to the data in PE 12-53 and 12-54. Walsh decided to sell the bonds for $67,000 immediately after receiving the second interest payment. Make the necessary journal entry (or entries) to record the sale of these bonds. Assume that the effective-interest method of amortization is used.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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