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Record the interest accrual on december

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Question - On January 1, 20X5, Seymond Corporation issued $100,000 in 10-year, zero-coupon bonds. The interest rate is 5% and Seymond uses the effective interest rate method.

A. Record the issuance of the bonds.

B. Record the interest accrual on December 31, 20X5.

C. Record the interest accrual on December 31, 20X6.

Reference no: EM133155700

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