On December 31 Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of...
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Accounting
On December Spearmint, Inc., issued $ of percent, year bonds for cash of $ After recording the related entry, Bonds Payable had a balance of $ and Premium on Bonds Payable had a balance of $ Spearmint uses the straightline bond amortization method. The first semiannual interest navment was made on June of the next vear.
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