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can you help me with this question please and thank you Instructions X On July 1, 2019, Salem Corporation issued $3.6 million of 9% bonds

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Instructions X On July 1, 2019, Salem Corporation issued $3.6 million of 9% bonds payable in 10 years. The bonds pay interest semiannually. The bonds include detachable warrants giving the bondholder the right to purchase for $36, one share of $1 par value common stock at any time during the next 10 years. Salem sold the bonds for $3.6 million. The value of the warrants at the time of issuance was $144,000. Required: Prepare in general journal format the entry to record the issuance of the bonds.X Chart of Accounts ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 532 Bad Debt Expense 211 Accounts Payable 540 Interest Expense 225 Common Stock Warrants 541 Depreciation Expense 231 Salaries Payable 559 Miscellaneous Expenses 250 Unearned Revenue 910 Income Tax Expense 255 Bonds Payable 257 Discount on Bonds Payable 261 Income Taxes Payable EQUITY 311 Common Stock 331 Retained EarningsGeneral Journal Prepare in general journal format the entry to record the issuance of the bonds on July 1. General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 2 4

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