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What the Pharoah journal entry at December

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Question - Pharoah Company acquires 75 Culver's 15%, 5 year, $1000 bonds on January 1, 2022 for $75000. Assume Culver's pays interest annually on January 1. What the Pharoah's journal entry at December 31, 2022 would include a credit?

Reference no: EM132938147

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