Safeguard Corp. produces and sells automotive and aircraft safety belts. To finance its operations, Safeguard Corp. issued
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2006
Jan. 1. Issued the bonds for cash at their face amount.
July 1. Paid the interest on the bonds.
2012
July 1. Called the bond issue at 97, the rate provided in the bond indenture. (Omit entry for payment of interest.)
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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