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Whispering company records straight-line amortization

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Reference no: EM131785874

The whispering Company issued $340,000 of 10% bonds on January 1 2017. The bonds are due January 1, 2022, with interest payable each July 1. The bonds were issued at 97.

Prepared the journal entries for a January 1, and (c) December 31. Assume the whispering company records straight-line amortization semiannually.

Reference no: EM131785874

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