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Instructions Burris Corporation is authorized to issue $ 8 0 0 , 0 0 0 of 9 % bonds. Interest on the bonds is payable
Instructions
Burris Corporation is authorized to issue $ of bonds. Interest on the bonds is payable
semiannually; the bonds are dated January Year and are due December Year
Required:
Prepare the journal entries to record the following:
a April Year
Sold the bonds at par plus accrued interest
b June Year
First interest payment
c December Year Second interest payment
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