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7. Present journal entries to record the following: Star Corp. issued $500,000 of 10-year, 12% bonds on June 1 of the current year with interest

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7. Present journal entries to record the following: Star Corp. issued $500,000 of 10-year, 12% bonds on June 1 of the current year with interest payable on December Ist Joumaize the entries to record: (a) Issuing the bonds for cash (b) Paying the December 1 interest on the bonds Post Ref Description Credit Date Debit

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