Problem 10-8A Pronghorn Corporation sold $2,060 000,7% 5-year bonds on January 1 2017. The bonds...
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Problem 10-8A Pronghorn Corporation sold $2,060 000,7% 5-year bonds on January 1 2017. The bonds were dated Ja Corporation uses the straight-line method to amortize bond premium or discount. ar 1,2017, and pay interest on January Pronghorn Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 104. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31 SHOW LIST OF ACCOUNTS
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