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Cupola Fan Corporation issued 10%, $450,000,10-year bonds for $430,000 on June 30, 2021. Debt issue costs were $2,000. Interest is paid semiannually on December 31

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Cupola Fan Corporation issued 10\%, $450,000,10-year bonds for $430,000 on June 30, 2021. Debt issue costs were $2,000. Interest is paid semiannually on December 31 and June 30 . One year from the issue date (July 1, 2022), the corporation exercised its cail privilege and retired the bonds for $435,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required: 1. to 4. Prepare the journal entry to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2021& June 30,2022, and the call of the bonds. (If no entry is required for o transaction/event, select "No journal entry required" in the first account field.) (x) Answer is not complete. Mc Prev 3 of 6 :H: Next >

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