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Prepare the journal entry for December

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Reference no: EM132802023

Question - Fokir Corporation issued 12-year bonds on January 1, 2014, 100,000 semiannual bond at 98 PAR. Costs associated with the bond issuance were $90,000. Fokir uses the straight-line method for amortization. Prepare the journal entry for December 31, 2014.

Reference no: EM132802023

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