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5 0 Required information (The following information applies to the questions displayed below.] The Square Foot Grill, Incorporated issued $400,000 of 10-year, 8 percent bonds
5 0 Required information (The following information applies to the questions displayed below.] The Square Foot Grill, Incorporated issued $400,000 of 10-year, 8 percent bonds on July 1, Year 1, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization. Required a. Prepare the journal entries to record issuing the bonds and any necessary journal entries for Year 1 and Year 2. Post the journal entries to T-accounts. Prepare any necessary closing entries for Year 1. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Prepare the journal entries to record issuing the bonds and any necessary journal entri closing entries for Year 1. (If no entry is required for a transaction/event, select "No joi View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the issue of bonds payable with premium.
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