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JMR Ltdissues a $150,000, 7%, Five-Year Debenture at Par, Repayable at at Maturity

Question 113

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JMR Ltd.issues a $150,000, 7%, five-year debenture at par, repayable at maturity in common shares at DWWR's option.Interest is repayable annually in cash.Prepare the journal entry at issuance.

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