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Prepare the journal entry on december

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Question - Non-interest Bearing Bonds (Straight Line)

Dean Plumbing issues $1,000,000 face value, non-interest-bearing bonds on December 31, 2018. The bonds are issued at 65 and mature on December 31, 2022.

Required: Assuming the straight-line amortization method is followed, prepare the journal entry on December 31, 2021.

Reference no: EM131735753

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