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Larkspur Corporation issued $650,000 of 9% bonds on November 1, 2017, for $694,171. The bonds were dated

November 1, 2017, and mature in 10 years, with interest payable each May 1 and November 1. Larkspur uses the effective-interest method with an effective rate of 8%.


Prepare Larkspur's December 31, 2017, adjusting entry. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)


I have attached a link for the present and future value tables


https://brockport.open.suny.edu/bbcswebdav/pid-1348027-dt-content-rid-9666207_1/courses/202002-ACC386-2009/Future%20and%20Present%20Value%20Tables.pdf

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