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Esterbrook Hospital Issued $100,000 of 6% 20-year bonds on July 1 20X1, at face value. Interest is payable semiannually on January 1 and July 1

Esterbrook Hospital Issued $100,000 of 6% 20-year bonds on July 1 20X1, at face value. Interest is payable semiannually on January 1 and July 1 of each year, beginning Jan 1 20X2. Assuming that adjustments are made annually on December 31st only, prepare the necessary adjusting entry on December 31st 20X1.

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