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3. On January 1, 2019 Focus Corporation issued $500,000, 6%, 5-year bonds at face value. Interest is payable annually on January 1. Instructions Prepare journal

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3. On January 1, 2019 Focus Corporation issued $500,000, 6%, 5-year bonds at face value. Interest is payable annually on January 1. Instructions Prepare journal entries to record the (a) Issuance of the bonds. (b) Accrual of interest on December 31. (c) Payment of interest on January 1, 2020

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