What would be the adjusting entry on december 31, 2010,


Quail issued $200,000 of its 10-year 12% bonds for $224,924 on October 1, 2010. The effective rate on the bonds was 10% and interest is paid each October 1 and April 1. Assuming Quail uses the effective interest method, what would be the adjusting entry on December 31, 2010, ?

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Accounting Basics: What would be the adjusting entry on december 31, 2010,
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