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Alpha Co. purchased a 1,000 5 years 5 percent bond on July 1 2015 for 950. Interest is paid semi-annually on June 30.

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Alpha Co. purchased a 1,000 5 years 5 percent bond

on July 1 2015 for 950. Interest is paid semi-annually on June 30. The straight line method of amortization is used for both premiums & discounts. The information to prepare the adjusting general journal entry without explanation for the December 31 2017.

 
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