Truax Co. issued $250,000 of 6 percent, 10-year, callable bonds on January 1, 2013, at their face
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Prepare the journal entries to record the bond issue on January 1, 2013, and the bond redemption on December 31, 2016. Assume that all entries to accrue and pay interest were recorded correctly.
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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