E10-12. 0,000 of 5-year, 8% bonds at 97 on January 1, 2015. The interest twice a year.
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Whitmore Company Journal Entry
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a) (1) Prepare the to record the issuance of the bonds.
(2) Compute the of borrowing for these bonds.
b) Repeat the requirements from part (a), assuming the bonds were issued at 105.