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eSupport QUA 2nd Semester 2021/2022 CH 14 Ex1: A company issued $500,000 of 7.5%, 7-year bonds payable at par value on January 1, 2019. Interest
eSupport QUA 2nd Semester 2021/2022 CH 14 Ex1: A company issued $500,000 of 7.5%, 7-year bonds payable at par value on January 1, 2019. Interest is payable each June 30 and December 31. Required: Prepare entries to record: (a) The issuance of the bonds on January 1, 2019. (b) First interest payment on June 3, 2019- Scocco x 7.5% xs (c) Payment bonds at maturity date. Date Jan Cash Debit Credit
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