On January 1, 2011, Watson Corp. issued ($ 220,000) of 10 -year, 6 percent bonds at their

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On January 1, 2011, Watson Corp. issued $\$ 220,000$ of 10 -year, 6 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, 2011.

Required
Prepare all the general journal entries related to these bonds for 2011 and 2012.

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