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3 parts Question 1 of 13 S > -/1 View Policies Current Attempt in Progress Wildhorse Co. issued 4.000,8%, 5-year $1,000 bonds dated January 1,
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Question 1 of 13 S > -/1 View Policies Current Attempt in Progress Wildhorse Co. issued 4.000,8%, 5-year $1,000 bonds dated January 1, 2020, at 100. Interest is paid each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1 Prepare the adjusting journal entry on December 31, 2020, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Dec. 31 e Textbook and Media List of Accounts Prepare the journal entry on January 1, 2021. to record interest paid. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Debit Credit Step by Step Solution
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