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Make journal entries to record the issuance of the bonds

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Question - Whispering Winds Corp. sold $3,180,000, 5%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Whispering Winds Corp. uses the straight-line method to amortize bond premium or discount.

Required - Make journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 105.

Reference no: EM133157996

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