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WB Ltdissues a $200,000, 6%, Five-Year Debenture at Par, Repayable at at Maturity

Question 120

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WB Ltd.issues a $200,000, 6%, 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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