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The discount is amortized using the straight line method

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On January 1, 2013, Berry Co. issued $180,000 of five year, 6 percent bonds at 96 ½. Interest is payable annually on December 31. The discount is amortized using the straight line method.

Required: 

Prepare the journal entries to record the bond transactions for 2013 and 2014.

Reference no: EM13921864

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