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QUESTION
Alpha Corporation purchased $100,000, 5 year, 6% bond on July 1, 2015 for 960. Interest is paid annually on June 30. The premium discount is...
Alpha Corporation purchased $100,000, 5 year, 6% bond on July 1, 2015 for 960. Interest is paid annually on June 30. The premium & discount is amortized by the straight-line methods. Create a a journal entry for June 30, 2016.
