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Question 11 of 11\ View Policies\ -14\ Current Attempt in Progress\ Sheridan Electric sold...

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Accounting

Question 11 of 11\ View Policies\

-14

\ Current Attempt in Progress\ Sheridan Electric sold

$3,850,000,10%,10

-year bonds on January 1, 2022. The bonds were dated January 1 and pary interest annually on January 1. Sheridan Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103.\ (a)\ Prepare the journal entry to record the issuance of the bonds on fanuary 1, 2022. (Gredit account titles are automotically indented when amount is entered. Do not indent manuall)]\ Date\ Account Titles and Explanation\ Debit\ Credit\

Jan1,2022
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Sheridan Electric sold $3,850,000,10%,10 year bonds on January 1,2022. The bonds were dated January 1 and pay interest annually on January 1. Sheridan Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103. (a) Prepare the journal entry to record the issuance of the bonds on, panuary 1, 2022. (Gredit account tities are automotically indented when amount is enterced. Do not indent manually)

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