Guehler electric sold 2928000 11 10-year bonds on, Financial Accounting

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Guehler electric sold 2928000 11 10-year bonds on

Guehler Electric sold $ 2,928,000 , 11 %, 10-year bonds on January 1, 2014.

The bonds were dated January 1 and pay interest July 1 and January 1.

Guehler Electric uses the straight-line method to amortize bond premium or discount.

The bonds were sold at 104 . Assume no interest is accrued on June 30.

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Financial Accounting: Guehler electric sold 2928000 11 10-year bonds on

Reference No:- TGS01531987

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Financial Accounting: Guehler electric sold 2928000 11 10-year bonds on

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