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2. On January 1, 2021, Tara Corporation issued $600,000, 8%, 5-year bonds at $624,000. Interest is payable semiannually on June 30 and December 31. Tara

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2. On January 1, 2021, Tara Corporation issued $600,000, 8%, 5-year bonds at $624,000. Interest is payable semiannually on June 30 and December 31. Tara uses the straight-line method of amortization for bond premium or discount. Required: (a) Prepare the general journal entry to record the issuance of the bonds. (b) Prepare the general journal entry to record the June 30 interest payment. (C) Prepare the general journal entry to record the December 31 interest payment

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