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Brief Exercise 10-11 Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds. I. 2. 3. On
Brief Exercise 10-11 Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds. I. 2. 3. On January 1, 2017, 1,400, 8%, 5-year, $1,000 bonds dated January 1, 2017, were issued at face value On July 1, $882,000, 996, 5-year bonds dated July 1, 2017, were issued at 102 On September 1, 247,000, 7%, 5-year bonds dated September 1, 2017, were issued at 99 Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. [Jan. 1) 2. July 1 ? Sept. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT
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