Cummings, Inc. had outstanding $8,000,000 of 12% bonds (interest payable July 31 and January 31) due in
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Instructions
Prepare the journal entries necessary to record the issue of the new bonds and the refunding of the bonds.
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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