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aking0068
Apr 29, 2008, 04:58 PM
Tipten company iues $200,000 of 8%, 10-year bonds on jan. 1 2006 at 103. Interest is payable semi annually on July 1 and Jan 1

a. Journalize the entries for the bond on (1) January 1 2006 (2) July 1, 2006 and (3) Dec 31, 2006

b. Show the balance sheet presentation of the bonds at dec 31 2006