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On January 1,2013,Timley issues $2,200,000 of 6%,12-year bonds at a price of 105½ that pay interest semiannually.The straight-line method is used to amortize any bond premium or discount.What is the journal entry to record the issuance of the bonds on January 1,2013?
Diminishing Marginal Returns
A principle in economics where each additional unit of input results in a smaller increase in output after a certain point.
Study Time
The period dedicated by an individual or group towards learning or academic activities.
Comprehensive Exam
A detailed and extensive exam typically covering multiple subjects or the entirety of a specific subject, often used as a qualification or assessment in higher education.
Law of Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain at a constant.
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