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For this assignment, provide the general journal entries to record the necessary information based on each scenario below. You may use a word processing or
For this assignment, provide the general journal entries to record the necessary information based on each scenario below. You may use a word processing or electronic spreadsheet program to record your answers. In addition, use the following account titles for the transactions: Retained earnings, Dividends payable, Cash, Bonds payable, Interest expense, Interest payable, Paid-in capital, Common Stock, and Preferred Stock. Scenario 3: Crockett Corporation issued $200,000 of its 10 percent bonds payable on April 1, 2030. The bonds were issued at face value. Interest is payable semi-annually, on October 1 and April 1. Give the journal entries to issue the bonds and pay each of the first two interest payments to bondholders
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