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Donna Clark Company issued $588,000 of 10%, 20-year bonds on January 1, 2025, at 102. Interest is payable semiannually on July 1 and January

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Donna Clark Company issued $588,000 of 10%, 20-year bonds on January 1, 2025, at 102. Interest is payable semiannually on July 1 and January 1. Donna Clark Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705% Click here to view factor tables. A Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, eg 1.251247 and final answer to O decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account tir are automatically indented when the amount is entera. Do not indent manually. List all debit entries before credit entries) a The issuance of the bonds. b The payment of interest and related amortization on July 1, 2025. c The accrual of interest and the related amortization on December 31, 2025. Date Account Titles and Explanation 11/25 Cash Premium on Bonds Payable Bonds Payable 78125 Interest Expense Prerium on Bands Payabic Debit Credit 593880 29013 5880 580000

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