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On January 1, Newkirk Company issued $342,200, 8%, 10-year bonds at face value.

ID: 2505347 • Letter: O

Question

On January 1, Newkirk Company issued $342,200, 8%, 10-year bonds at face value. Interest is payable annually on January 1. On January 1, Newkirk Company issued $342,200, 8%, 10-year bonds at face value. Interest is payable annually on January 1. Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit On January 1, Newkirk Company issued $342,200, 8%, 10-year bonds at face value. Interest is payable annually on January 1.

Explanation / Answer

Date

Account Titles and Explanation

Debit

Credit

Jan. 1

Cash A/c

Date

Account Titles and Explanation

Debit

Credit

Jan. 1

Cash A/c

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