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Sunland Corporation issued $450,000 of 7% bonds on November 1,2025, for $478,264. The bonds were...

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Accounting

Sunland Corporation issued $450,000 of 7% bonds on November 1,2025, for $478,264. The bonds were dated November 1,2025, and mature in 8 years, with interest payable each May 1 and November 1. Sunland uses the effective-interest method with an effective rate of 6%.
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Prepare Sunland's December 31,2025, adjusting entry. (Round intermediate calculations to 5 decimal places, e.g.1.25124 and final answers to 0 decimal places, e.g.38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
Date Account Titles and Explanation
December 31,
2025
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