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3. On April 1, 2013, Quirk issued $800,000, 9% bonds for $860,589 including accrued interest. Interest is payable annually on January 1, and the bonds

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3. On April 1, 2013, Quirk issued $800,000, 9% bonds for $860,589 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2023. Prepare journal entries to record the following transactions related to long-term bonds of Quirk Co? . Issuance of Bond Interest 12/31/2014

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