On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were issued at par-for the same amount as the face value. On January 1, 2018, when the bonds mature, Davie Services will make the final principal payment. Please provide the journal entry for that payment.
Definitions:
Competency
The ability of an individual to do a job properly, including the necessary skills, knowledge, and behavior.
Perceptions
The process by which individuals interpret and make sense of sensory information, influencing how they understand and interact with the world.
Attitudes
An ingrained perspective or sentiment regarding someone or something, manifested in how one behaves.
Ethics Competency
The ability to understand, develop, and implement decisions based on the ethical considerations relevant to a particular profession or situation.
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