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8 9 10 11 Cle Powe D E 15-7 Ogden Inc. issued a $50,000, 8 percent, 10-year bond payable at a price of 90 on
8 9 10 11 Cle Powe D E 15-7 Ogden Inc. issued a $50,000, 8 percent, 10-year bond payable at a price of 90 on January 1, 2021. Journalize the following transactions for Ogden Inc. Include an explanation for each entry. a. Issuance of the bond payable on January 1, 2021. b. Payment of semiannual interest and amortization of bond discount on July 1, 2021. Ogden uses the straight-line method to amortize the bond discount. Baks
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