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Carla Vista Company sold $3.900,000, 10% 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020 and pay Interest annually on January

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Carla Vista Company sold $3.900,000, 10% 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020 and pay Interest annually on January 1 Carla Vista Company uses the straight-line method to amortize bond premium or discount (a) Your answer is partially correct Prepare all the necessary Journal entries to record the issuance of the bonds and bond interest expense for 2020, assuming that the bonds sold at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Cred Jan. 1. 2020 V Cash 4095000 Bonds Payable Premium on Bonds Payable Dec. 31.2000 Interest Expense 19500 Premium on Donds Payable 19500 Interest Payable 1 e Textbook and Media List of Accounts Attempts 2 of 3 used SA

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