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Required information E10-14 (Supplement 10A) Recording the Effects of a Discount Bond Issue and First...

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Required information E10-14 (Supplement 10A) Recording the Effects of a Discount Bond Issue and First Interest Payment and Preparing a Discount Amortization Schedule (Straight-Line Amortization) [LO 10-S1 The following information applies to the questions displayed below On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $190,000, 9 percent bond issue for $178,318. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method Part 1 of 2 2 points E10-14 Part 1 and 2 Required Book 1.&2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Round your answers to the nearest whole dollar) Roferenc View transaction ist Journal entry worksheet 1 Record the issuance of bonds for $178,318 with a face value of $190,000

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