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For each of the situations below, prepare the journal entries as of the date the bonds are issued, and a. On January 1,2021, a company-issued

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For each of the situations below, prepare the journal entries as of the date the bonds are issued, and a. On January 1,2021, a company-issued $400,000-of 10-year, 12% bonds at 100 , with-interest payable on July-1 and January.1. The companyissues financial statements on June-30-and-December 31 ( Hint:bond interest must be accrued on June 30 and December 31 , before being paid-on July. 1 and January. 1). This problem-requires 5 -journalentries). You may-omit reasons for the journal-entries. Skip a-row: between journalentries

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