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There are three independent situations summarized below.In all three cases the bonds are sold on January 1,2016 and the issuing company has a December 31 year-end.In situation three,the bonds were all repurchased at par on January 1,2020.
Required:
Prepare journal entries to record:
a.The issuance of the three bonds.
b.Payment of interest and related amortization on December 31,2016.Prepare the amortization table to help you.
c.Retirement of the situation 3 bond on January 1,2020.
Social Behavior
A term referring to the ways in which individuals interact with one another within a societal context, influenced by cultural, psychological, and environmental factors.
Communication Mechanism
The means or process through which information is transmitted and received among entities or individuals.
Genetic Imprinting
An occurrence in genetics where the expression of certain genes depends on whether they come from the mother or the father.
Dominance Hierarchy
A linear “pecking order” into which animals in a population may organize according to status; regulates aggressive behavior within the population.
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