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Trog Industries Pays and Records the Semiannual Interest on Its

question 8

Essay

Trog Industries pays and records the semiannual interest on its $500,000,10-year,6% bonds outstanding on July 1,2013.On the same date,amortization of the premium of $5,000 received on $100,000 of those bonds is recorded.Prepare the journal entries recorded by Trog Industries.


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