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Adjusting journal entries
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PREPAID INSURANCE $450-DEBIT FILM ON HAND $250-DEBIT CAMERAS $20,000-DEBIT ACCUMULATED DEPRECIATION-CAMERAS $3,667- CREDIT. UNEARNED REVENUE $5700-CREDIT NOTE PAYABLE $3000-CREDIT SALARIES EXPENSE $2400-DEBIT. IM TO DO ADJUSTED TRAIL BALANCE AND IM NOT SURE...
Bond Payments and Journal and Journal Entries
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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. View more questions Search
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