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Home > Business & Careers > Accounting   »   Bond Payments and Journal and Journal Entries

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Old Sep 5, 2007, 10:55 AM
glen76
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Bond Payments and Journal and Journal Entries
What is the adjusting entry at Dec 31, 2007 for this problem?
Problem: Logan Corporation issued 800000 of 8% bonds on October 1, 200, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest.

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