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Prepare the company journal entries for the january

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Question - On January 1, 2014, JWS Corporation issued $774,000 of 9% bonds, due in 8 years. The bonds were issued for $819,096 and the effective-interest rate is 8%.

Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry.

Reference no: EM132084962

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