On January 1 Laramie Company issued ($ 90,000,10 %, 10)-year bonds at face value. Interest is payable
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On January 1 Laramie Company issued \(\$ 90,000,10 \%, 10\)-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Interest is not accrued on June 30
\section*{Instructions}
Prepare journal entries to record these events:
(a) The issuance of the bonds
(b) The payment of interest on July 1
(c) The accrual of interest on December 31
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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