Sheridan Company issues $3,000,000, 10-year, 9% bonds at 98, with interest payable each January 1. i). Prepare

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Sheridan Company issues $3,000,000, 10-year, 9% bonds at 98, with interest payable each January 1.

i). Prepare the journal entry to record the sale of these bonds on January 1, 2020.

ii). Assuming instead that the above bonds sold for 107, prepare the journal entry to record the sale of these bonds on January 1, 2020.

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Financial Accounting

ISBN: 978-0538476010

11th edition

Authors: Belverd E. Needles, Marian Powers

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Posted Date: Sep 13, 2020 10:30 PM

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Sheridan Company issues $3,000,000, 10-year, 9% bonds at 98, with interest payable each January 1. i). Prepare

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Financial Accounting

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