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I need help with D ASAP please and thank you! The following section is taken from Gordon Corp. 's balance sheet at December 31,2020. Interest
I need help with D ASAP please and thank you! The following section is taken from Gordon Corp. 's balance sheet at December 31,2020. Interest is payable annually on January 1 . The bonds are callable on any interest date, (a) Your answer has been saved. See score details after the due date. Journalize the payment of the bond interest on January 1, 2021. (Credit account titles are automatically indented when the an in at is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.) Journalize the payment of the bond interest on January 1, 2021. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Assume that on January 1, 2021, after paying interest, Gordon calls bonds having a face value of $1,600,000. The call price is 98 . Record the redemption of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the entry to record the accrual of interest on December 31,2021, assuming no previous accrual of interest on the remaining bonds. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) Prepare the entry to record the retirement of half the bonds still outstanding on January 1,2022 for a cash payment of $1,220,000. Assume the accrued interest was paid. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
I need help with D ASAP please and thank you!
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