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Selected accounts of Tabor Company are shown below.
Instructions
After analyzing the accounts, journalize
(a) The July transactions and
(b) The adjusting entries that were made on July31.
On January 2, 2007, Prebish Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2016. Legal and other costs of $24,000 were incurred in connection with the issue.
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