On January 1, 2025, Swifty Industries Inc. issued a $84,000, 8% bond due in 10...
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On January 1, 2025, Swifty Industries Inc. issued a $84,000, 8% bond due in 10 years with interest payable each January 1and July The effective interestrate is 10%. Determine the discount or premium on the bond and also prepare the journal entry for the bond issue.
On January 1, 2025, Swifty Industries Inc. issued a $84,000, 8% bond due in 10 years with interest payable each January 1and July
The effective interestrate is 10%. Determine the discount or premium on the bond and also prepare the journal entry for the bond issue.
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