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(Solved) Exercise 9-55 ISSUING AT PAR, A PREMIUM, OR A DISCOUNT Kartel Company is planning to issue 500...


Exercise 9-55  ISSUING AT PAR, A PREMIUM, OR A   DISCOUNT Kartel Company is planning to issue 500 bonds, each having a face amount of $1,000.   Required: 1.     Prepare the journal entry to record the sale of the bonds at par. 2.     Prepare the journal entry to record the sale of the bonds at a premium of $34,000. 3.     Prepare the journal entry to record the sale of the bonds at a discount of $41,000.

 


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Oct 15, 2019

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