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Record the journal entry on January and July

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Question - On January 1, 2017, Pigwell Company issued $300,000 of 5% bonds for $644,636. The bonds mature in 10 years. Interest is payable each July 1 and January 1. The company uses the straight-line interest amortization method.

Instructions - Record the journal entry on January 1, 2017 and July 1, 2017.

Reference no: EM132561571

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