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i dont know what to put for the second part of the journal entry where I credit 789. 2. Provide the journal entry to record

i dont know what to put for the second part of the journal entry where I credit 789. image text in transcribed
image text in transcribed
2. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) View transaction list Journal entry worksheet Record the Interest payment on March 31. Note Enter debts before credits Debit Credit Date March 31 General Journal interest expense 2.780 789 2.000 Cash Record entry Clear entry View general Journal Claire Corporation is planning to issue bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective interest amortization method and also uses a discount account. Assume an annual market rate of interest of 12 percent (EV of $1. PV of $1 EVA of $1 and PVA of $1 (Use the appropriate factor(s) from the tables provided.) P10-7 Part 2 2. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole doilar amount.)

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