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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.

Required -

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: EM133164779

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