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    glen76 Posts: 1, Reputation: 1
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    Sep 5, 2007, 10:55 AM
    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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