On January 1,2010,Timley Issues 2,200,000 of 6%,12-Year Bonds at a Price

question 35

Essay

On January 1,2010,Timley issues 2,200,000 of 6%,12-year bonds at a price of 105½ that pay interest semi-annually.The straight-line method is used to amortize any bond discount.What is the journal entry to record the issuance of the bonds on January 1,2010?

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Definitions:

Sampling Variation

The variability in statistics and results that occurs by chance when only a subset of the population is sampled.

Body Mass Index

A numerical value calculated from a person's weight and height, used to assess whether they are underweight, normal weight, overweight, or obese.

Canadian Community Health Survey

This is a nation-wide survey conducted to provide cross-sectional data on health-related issues and conditions of the Canadian population.

Obese Canadians

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