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Question - Entries for Bond Transactions-Straight-Line

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Question - Entries for Bond Transactions-Straight-Line

Celine Dion Company issued $600,000 of 10% 20 -year bonds on January 1, 2014, at 102 Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount.

Instructions: Prepare the journal entries to record the issuance of the bonds.

Reference no: EM132430901

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