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Journal Entry for Advanced Accounting

Accounting
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6% bonds 1,000,000 par value payable in 5 years were issued for cash at 108- any premium is transferred to the debt services fund- prepare a journal entry for the capital projects fund

Dec 9th, 2014


Cash1,000,000

Debt service - cash80,000
Debt service - accrued interest and bond premium
80,000
Bonds payable
1,000,000

Jan 12th, 2015

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Dec 9th, 2014
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Dec 9th, 2014
Dec 6th, 2016
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