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F. On April 1, Turner Inc. issued $1,000,000 of 10-year, 11% bonds, with interest payable semiannually on April 1 and October 1 at an effective

F. On April 1, Turner Inc. issued $1,000,000 of 10-year, 11% bonds, with interest payable semiannually on April 1
and October 1 at an effective interest rate of 12%, receiving cash of $942,645. Journalize the entries to record
the following selected transactions for the current year:
Apr. 1. Sold the bonds.
Oct. 1. Paid the first semiannual interest payment.
Oct. 1. Amortized $2,868 of the Discount.
JOURNAL PAGE
DATE DESCRIPTION POST REF. DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8

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