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Cullumber Corporation issued $342,000 of 6%, 10 year bonds on January 1,2024 , at face value: Interest is payable annually on January 1,2025 . Assuming

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Cullumber Corporation issued $342,000 of 6%, 10 year bonds on January 1,2024 , at face value: Interest is payable annually on January 1,2025 . Assuming Cullumber has a September 30 year and, prepare the adjusting joumal entry needed on September 30,2024 , and prepare the journal entry to record the interest payment on January 1, 2025, assuming reversing entries have not been used. (Ust the

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