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Check my Required information (The following information applies to the questions displayed below.) Ike issues $100,000 of 13%, three-year bonds dated January 1, 2019, that
Check my Required information (The following information applies to the questions displayed below.) Ike issues $100,000 of 13%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $102.462. When the market rate is 12%. 4. Prepare the journal entries to record the first two interest payments. 4. Prepare the journal entries to record the first two interest payments View transaction list View journal entry worksheet No Debit Credit Date June 30 General Journal Bond interest expense Premium on bonds payable Cash 6,500 December 31 Bond interest expense Premium on bonds payable Cash 6,500
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