Record the entries for the issue of the bonds

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Reference no: EM13745401

May 1, 2006, XYZ, Co. issued $250,000 in 8%, 10 year bonds at a price of 94. Bonds pay interest on May 1 and Nov 1.

Record the entries for the issue of the bonds, year-end accruals on Dec 31.

Record the interest/amortization on May 1, 2007.

Reference no: EM13745401

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