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Record the issuance of the bonds on january

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Question - On January 31, Triumph issued 10-year, 7% bonds payable with a face value of $100,000. The bonds were issued at 98 and pay interest on January 31 and July 31. Triumph amortizes bonds by the straight-line method. Record (a) issuance of the bonds on January 31, (b) the semiannual interest payment and discount amortization on July 31, and (c) the interest accrual and discount amortization on December 31.

Reference no: EM131783746

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