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The bonds were dated january 1 2017 and pay interest on

Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

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Accounting Basics: The bonds were dated january 1 2017 and pay interest on

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