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Show the effects of these bonds on the accounting equation

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Question - On January 1, Year 1, Bell Corp. issued $180,000 of 10-year, 6 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, Year 1. Show the effects of these bonds on the accounting equation for Year 1 and Year 2.

Reference no: EM133055478

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