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The Bryan Company issued $500,000 of 10% face valuebonds on January 1, 2007 for $486,000. The bonds are dueDecember 31, 2009, and pay interest semiannually on June 30 andDecember 31. The company uses the straight-line ammortizationmethod. Prepare the journal entrie to record the issuance of the bondsand the first two interest payments.
production data junebeginning wip units 0units started into production 22000ending wip 2000percent complete- ending
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