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Author Question: On January 1, Micha's Jewelers issued thirty 1,000, ten-year, 6 bonds for 29,400. Using ... (Read 72 times)

darbym82

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on: Jul 5, 2018
On January 1, Micha's Jewelers issued thirty 1,000, ten-year, 6 bonds for 29,400. Using straight-line amortization, the interest expense for the first year is ________.
 
  A) 1,800
  B) 1,764
  C) 1,860
  D) 1,824

Question 2

In preparing a bank reconciliation, the amount indicated by a debit memo for bank service charges is added to thebalance per company's records.
 a. True
  b. False
 
   Indicate whether the statement is true or false


cpetit11

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

False


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