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Bonds Issued at a Discount Brenner's Home Club issued the following bonds at a discount: April 1, 20-1 $500,000 Date of issue and sale: Principal

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Bonds Issued at a Discount Brenner's Home Club issued the following bonds at a discount: April 1, 20-1 $500,000 Date of issue and sale: Principal amount: Sale price of bonds: Denomination of bonds: Life of bonds: 98 $1,000 10 years 7%, payable semiannually on September 30 and March 31 Stated rate: 1. Prepare journal entries for: Issuance of the bonds at a discount. b. Interest payment and discount amortization on the bonds on September 30. c. Year-end adjustment on the bonds. If an amount box does not require an entry, leave it blank. 1. Prepare journal entries for: a. Issuance of the bonds at a discount. b. Interest payment and discount amortization on the bonds on September 30. C. Year-end adjustment on the bonds. If an amount box does not require an entry, leave it blank

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