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Prepare alpha companys general journal entry

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Question: Alpha Company purchased a $1,000, 5 years, 5% bond on July 1, 2015 for $950. Interest is paid annually on June 30. The straight-line method of amortization used for both premiums & discounts. Use this information to prepare Alpha Company's General Journal entry (without explanation) for the June 30, 2016. If no entry is required then write "No Entry Required ".

Reference no: EM131642831

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