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Help please!! The Sheffield Company issued $370,000 of 7% bonds on January 1, 2017, The bonds are due January 1, 2022, with interest payable each

Help please!!
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The Sheffield Company issued $370,000 of 7% bonds on January 1, 2017, The bonds are due January 1, 2022, with interest payable each July 1 and January 1 . The bonds were issued at 101 Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Sheffield Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places,e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.) No. Date Account Titiles and Explanation Debit Credit (a) January 1, 2017 on Bonds Payable Bonds Payable 370,000 (b) July 1, 2017 Interest Expense (c) December 31, 2017 Tinterest Expense

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