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Current Attempt in Progress On January 1 , 2 0 2 5 , Blue Corporation issued $ 5 0 0 , 0 0 0 of
Current Attempt in Progress
On January Blue Corporation issued $ of bonds, due in years. The bonds were issued for $ and pay
interest each July and January Blue uses the effectiveinterest method.
Prepare the company's journal entries for a the January issuance, b the July interest payment, and c the December
adjusting entry. Assume an effectiveinterest rate of Round answers to decimal places, eg If no entry is required, select No
Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. List all debit entries before credit entries.
No
Date
Account Titles and Explanation
Debit
Cred
a
b
c
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