On june 1 2014 day co received 103288 for 100000 face, Financial Management

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On june 1 2014 day co received 103288 for 100000 face

On June 1, 2014, Day Co. received $103,288 for $100,000 face amount, 12% bonds, a price that yields 10%. Assuming management does not elect the fair value option, prepare the adjusting entry for December 31, 2014. If no entry is necessary, write "no entry." Round all values to the nearest dollar

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Financial Management: On june 1 2014 day co received 103288 for 100000 face

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