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14 of 22 View Policies Show Attempt History Current Attempt in Progress 0.42/1 Cullumber Company issued $516.000 of 9%, 10-year bonds on January 1, 2022,
14 of 22 View Policies Show Attempt History Current Attempt in Progress 0.42/1 Cullumber Company issued $516.000 of 9%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1.2023. Prepare the journal entry to record the accrual of Interest on December 31, 2022. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Dec. 31. 2022 Interest Expense Interest Payable Debit 516.000 Credit 516.000
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