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There are three independent situations summarized below.In all three cases the bonds are sold on January 1,2011 and the issuing company has a December 31 year-end.In situation three,the bonds were all repurchased at par on January 1,2015.
Requirement:
Prepare journal entries to record:
a.The issuance of the three bonds.
b.Payment of interest and related amortization on December 31,2011.Prepare the amortization table to help you.
c.Retirement of the situation 3 bond on January 1,2015.
Cnidarians
A phylum of aquatic invertebrates known for their distinctive body structure featuring a jelly-like substance called mesoglea, and their tentacles equipped with cnidocytes for prey capture and defense.
Flatworms
A phylum of simplistic, soft-bodied invertebrate animals known for their flattened shape, including both free-living species like planarians and parasitic species.
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A diverse group of invertebrates including snails, octopuses, and clams, known for their soft bodies, some with hard shells.
Annelids
A phylum of worm-like animals characterized by segmented bodies and the presence of a true coelom, including earthworms and leeches.
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