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10-17 Teal Mountain Inc. issues SS 0 millon, 10-year, 8% bonds at 101, with interest...

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Accounting

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10-17 Teal Mountain Inc. issues SS 0 millon, 10-year, 8% bonds at 101, with interest payable on January 1 The straight-line method is used to amortize bond premium. Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2017, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do net indent manually.) Dec. 31 5000 Click if you would like to Show Work for this question: Open Show Work

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