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16) Discount on Bonds Payable is ("deducted from" or "added to")bonds payable on...

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Accounting

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16) Discount on Bonds Payable is ("deducted from" or "added to")bonds payable on the balance sheet. Premium on Bonds Payable is . ("deducted from" or "added to") bonds payable on the balance sheet. 17) On January 1, 2020, Hannigan Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable each January 1. Make the necessary Journal Entries below given the different facts: (a) Assume the bonds were issued at a 0.97 bond quote. (b) Assume the bods were issueed at a 1.07 bond quote

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