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Current Attempt in Progress Cullumber Company issued $350,000 of 10%,20-year bonds on January 1,2022 , at face value. Interest is payable annually on January 1.

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Current Attempt in Progress Cullumber Company issued $350,000 of 10%,20-year bonds on January 1,2022 , at face value. Interest is payable annually on January 1. Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually

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