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Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.
Premium on Bonds Payable
Premium on Bonds Payable refers to the amount by which the bond's selling price exceeds its face value or par value.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, represented as an expense on the income statement.
Bonds Before Maturity
The buying or selling of bonds in the financial markets before they have reached their specified maturity date.
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