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Prepare the appropriate journal entries on december

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Question - Karly Company issued $250,000, 11%, 10-year bonds on December 31, 2008, for $230,000. Interest is payable semiannually on June 30 and December 31. Karly uses the straight-line method of amortization and has a calendar year end.

Instructions - Prepare the appropriate journal entries on

(a) December 31, 2008.

(b) June 30, 2009.

Reference no: EM131939318

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