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Transaction Adjustment Current Assets Current Liabilities Long Term Debt Net Income a $867 $(867) b c d e f

Part 2

c. Interest on bonds payable has not been accrued for the current month. The

company has outstanding $240,000 of 8.5% bonds.

d. The discount related to the bonds in part c has not been amortized for the current

Transaction Adjustment Current Assets Current Liabilities Long Term Debt Net Income a $867 $(867) b c d e f
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