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Fast Extra Gold Corporation had a $1,300,000, 9.0% bond available for issue on September 1, 2020. Interest is to be paid quarterly beginning November 30.
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Extra Gold Corporation had a $1,300,000, 9.0% bond available for issue on September 1, 2020. Interest is to be paid quarterly beginning November 30. All of the bonds were issued at par on October 1. Prepare the appropriate entries for: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a. October 1, 2020 b. November 30, 2020 c. December 31, 2020 (Extra Gold's year-end) d. February 28, 2021 8 View transaction list Journal entry worksheet 1 2 3 4 Record the issuance of bonds. Note: Enter debits before credits. Date General Journal Debit Credit Oct 1, 2020Step by Step Solution
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