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2 Doont Grocery Corporation received $316.190 for 9.00 percent bonds issued on January 1, 2021. at a market interest rate of 600 percent The bonds

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2 Doont Grocery Corporation received $316.190 for 9.00 percent bonds issued on January 1, 2021. at a market interest rate of 600 percent The bonds had a total face value of $259.000 stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-Interest method to amortize the bond premium Required: 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (if no entry is required for a transaction/event , select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollor.) eBook View transaction list Print Journal entry worksheet Seference Record the interest payment on December 31 Debel Credit Note Enter dette before des Date General Journal December 31 interest Expense Premium on Bonds Payable Cash Record entry Clear entry View general Journal ME

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