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Grouper Corp. issued 1,600 9%, 7-year, $1,000 bonds dated January 1, 2025, 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, 2025, at face value. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2025. (Ust all debit entries before credit entries. Credit occount titles are dutomatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter Ofor the amounts) (b) Prepare the adjusting journal entry on December 31.2025, to record interest oxpense. (List all debit entries before credit entries. Credit occount titles are dutomatically indented when amount is entered, Do not indent manually. If no entry is required, select \"No Entry\" for the occount titles and enter ofor the amounts)

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