Issued bonds and received cash, Accounting Basics

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Issued bonds and received cash

The Peg Corporation (TPC) issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, 2009. The stated interest rate was payable at the end of each year. The bonds mature at the end of four years. The following schedule has been prepared (amounts in thousands).

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Accounting Basics: Issued bonds and received cash

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