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1. Brubeck Co. issued $10,000,000 of 30-year, 8% bonds on Jan 1, 2020, with interest payable annually on Jan 1 REQUIRED (12 points) Prepare journal
1. Brubeck Co. issued $10,000,000 of 30-year, 8% bonds on Jan 1, 2020, with interest payable annually on Jan 1 REQUIRED (12 points) Prepare journal entries to record the following (round to nearest dollar.) Jan 1, 2020 Issued the bonds for cash at their face amount Dec. 31, 2020 Recorded accrued interest Jan 1, 2021 Paid the interest on the bonds
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