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Record? the issuance of the bonds on january?

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Question - On January? 31, 2018?, Dunkin ?Logistics, Inc., issued five?-year, 3?% bonds payable with a face value of $8,000,000.

The bonds were issued at 93 and pay interest on January 31 and July 31. Dunkin Logistics amortizes bond discounts using the? straight-line method.

Required - Record? (a) the issuance of the bonds on January? 31, 2018?, ?(b) the semiannual interest payment and amortization of the bond discount on July? 31, 2018?, and? (c) the interest accrual and discount amortization on December? 31, 2018.

Reference no: EM133171865

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