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Dunphy Company issued $38,000 of 8.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31.

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Dunphy Company issued $38,000 of 8.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Analyze transactions by showing their effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Date January 1 June 30 Assets = = Liabilities + +

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