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Prepare the journal entries to record the bond transactions

On January 1, 2013, Chu Company issued $300,000 of five year, 6 percent bonds at 101. Interest is payable annually on December 31. The premium is amortized using the straight line method.

Required:

Prepare the journal entries to record the bond transactions for 2013 and 2014.

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Accounting Basics: Prepare the journal entries to record the bond transactions

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Accounting Basics: Prepare the journal entries to record the bond transactions

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