plz do it very carefully and corrctly showing all ur work, using the financial calculator...
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Accounting
plz do it very carefully and corrctly showing all ur work, using the financial calculator
On January 1, 2022, Sheffield Corporation issued $2,247,000 face value, 916,10 -year bonds for proceeds of $2,397,776. This price resulted in an effective-interest rate of 8% on the bonds. The bonds pay annual interest, each January 1 and teik has a calendar year end. (a) Your answer is partially correct. Prepare the journal entry to record the issue of the bonds on January 1. 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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