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Business, 25.06.2019 04:10 rebeccathecatt
On january 1, 2016, tonika company issued a four-year, $10,000, 7% bond. the interest is payable annually each december 31. the issue price was $9,668 based on an 8% effective interest rate. tonika uses the effective-interest amortization method. rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2016 interest expense?
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On january 1, 2016, tonika company issued a four-year, $10,000, 7% bond. the interest is payable ann...
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