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Grouper Corp. issued 1,600 9%, 7-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Prepare the journal

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Grouper Corp. issued 1,600 9%, 7-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount Date Account Titles and Explanation Debit Credit Jan 1, 2022 (b) Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically indented when am Date Account Titles and Explanation Debit Credit Dec 31, 2022 (c) Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically indented when amount is entered. Don Date Account Titles and Explanation Debit Credit Jan. 1, 2023 e Textbook and Media List of Accounts Type here to search O RL : 9

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