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On april 1 2010 backspace corporation issued 2000000 6

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On April 1, 2010, Backspace Corporation issued $2,000,000, 6%, 10-year bonds at 95. The bonds pay interest each October 1 and April 1 and the corporation uses the straight-line method to amortize premium or discount. Prepare entries for the issue of the bonds, for the first interest payment, and for the adjusting entry on December 31.

Reference no: EM13596769

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