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Prepare headland december adjusting entry

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Question - Headland Corporation issued $680,000 of 9% bonds on November 1, 2017, for $719,619. The bonds were dated November 1, 2017, and mature in 8 years, with interest payable each May 1 and November 1. Headland uses the effective-interest method with an effective rate of 8%.

Prepare Headland's December 31, 2017, adjusting entry.

Reference no: EM132276476

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Prepare headland december adjusting entry : Headland Corporation issued $680,000 of 9% bonds on November 1, 2017, for $719,619. Prepare Headland's December 31, 2017, adjusting entry
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