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Prepare end of year journal entries

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Question - Prepare end of year journal entries and adjusting entries using effective interest method of amortization.

On April 1, 2018, Intel issued $1,600,000 of 12% face value bonds for $1,703,411.40. The bonds are due in 4 years, and pay interest semiannually on September 30 and March 31. Intel sold the bonds to yield 10%.

Reference no: EM132216695

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