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The Corporation acquires 60, 8%, 5 year, $1,000 bonds on January 1, 2018 for $60,000....

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Accounting

The Corporation acquires 60, 8%, 5 year, $1,000 bonds on January 1, 2018 for $60,000. Assume the Bonds pay interest on January 1 and July 1, and the July 1 entry was done correctly. The journal entry at December 31, 2018 would include a credit to

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