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1 Bears, Inc. issues $5,750,000 of 6%, 15-year bonds on January 1 of the current year. The bonds pay interest semiannually on June 30 and
1 Bears, Inc. issues $5,750,000 of 6%, 15-year bonds on January 1 of the current year. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued at 96. a. Journalize the issuance of the bonda b. Journalize the semiannual interest payment on June 30 of the current year. c. Journalize the retirement of the bond at maturity. Assume the last interest payment has already been recorded. For the toolbar, press ALT+F10 (PC) or ALT+N+F10 (Mac). B IS Paragraph v Arial v 10pt
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