Question: Daffy Corporation issued 4%, 20-year bonds payable with a maturity value of $330,000 on January 31. The bonds were issued at par and pay interest

Daffy Corporation issued 4%, 20-year bonds payable with a maturity value of $330,000 on January 31. The bonds were issued at par and pay interest on January 31 and July 31. Record

(a) Issuance of the bonds on January 31,

(b) Payment of interest on July 31, and

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