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Record? the issuance of the bonds on february

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Question - Guillon Corp. issues a new set of 12 ?percent, 20-year bonds in the amount of $2,200,000 on February ?1, 2020. The bonds sell at 102.00 and pay interest on January 31 and July 31.

Required - Record? (a) the issuance of the bonds on February ?1, (b) the payment of interest on July ?31, (c) the accrual of interest on December 31, and? (d) the payment of interest on January ?31, 2021. Assume Guillon Corp. amortizes the premium by the? straight-line method.

Reference no: EM133102466

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