Sunland Corporation issued $670,000 of 9% bonds on November 1, 2025, for $736.889. The bonds...
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Sunland Corporation issued $670,000 of 9% bonds on November 1, 2025, for $736.889. The bonds were dated November 1,2025 , and mature in 10 years. with interest payable each May 1 and November 1. Sunland uses the effective-interest method with an effective rate of 8% Gick here to vid factor tables. Prepare sunila 5 December 31,2025, adjusting entry, (Round intermedlate calculations to 5 decimal places, eg: 1.25124 and final answirs to o decingol places eg. 38.548. If no entry is required, select "No Entry' for the account titles and enter O for the amounts Credit aceount tities are qutomatically indented when the amount is entered Do not lndent monually. List oll debit entries before credit entries
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