Short Answer
Use the following to answer questions
On January 1,2016,Pierce Corporation issued $25,000 in 8%,5-year bonds payable at 102.Interest payments are due each December 31.Potter uses the straight-line method of amortization.
-Which of the following answers shows the effect of the bond issuance on 1/1/16?
Correct Answer:

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Correct Answer:
Verified
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