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On January 1,2013,Timley Issues $2,200,000 of 6%,12-Year Bonds at a Price

Question 141

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On January 1,2013,Timley issues $2,200,000 of 6%,12-year bonds at a price of 105½ that pay interest semiannually.The straight-line method is used to amortize any bond premium or discount.What is the journal entry to record the first interest payment?

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