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Question - On 1 July 20X0, Sandalwood Company issued $10 million, 5 year, 5% bonds at 95, with interest payable on 31 December and 30 June. The company policy is to use the straight-line method issued to amortise the bond discount or bond premium.
Part A: Make the journal entry to record the sale of these bonds at the issue date.
Part B: Make the journal entry to record the interest expense and bond amortisation on 31 December 20X0. Assume no previous accrual of interest.
Before her passing, a long-time client asked you to serve as the Trustee of a trust for their two children. You accepted, and are now given the discretion.
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hinshaw company purchased a new machine on october 1 2014 at a cost of 87200. the company estimated that the machine
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