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On January 1, 2014, Connors Landscaping Ltd

Question 47

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On January 1, 2014, Connors Landscaping Ltd. purchased at face value, a $1,000, 5%, bond that pays interest on January 1 and July 1. Connors has a calendar year end.
-The adjusting entry on December 31, 2014, is
A) not required.
On January 1, 2014, Connors Landscaping Ltd. purchased at face value, a $1,000, 5%, bond that pays interest on January 1 and July 1. Connors has a calendar year end. -The adjusting entry on December 31, 2014, is A) not required.

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