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Cupola Fan Corporation issued 1 0 % , $ 6 0 0 , 0 0 0 , 1 0 - year bonds for $ 5
Cupola Fan Corporation issued $year bonds for $ on June Debt issue costs were $ Interest is paid semiannually on December and June One year from the issue date July the corporation exercised its call privilege and retired the bonds for $ The corporation uses the straightline method both to determine interest expense and to amortize debt issue costs. Required: to Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December & June and the call of the bonds.
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