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Journalize the payment of interest and amortization This Question: 1 pt On January 1, 2018, Professors Credit Union (PCU) issued 9%, 20-year bonds payable with

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Journalize the payment of interest and amortization

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This Question: 1 pt On January 1, 2018, Professors Credit Union (PCU) issued 9%, 20-year bonds payable with face value of $600,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 104. Journalize the following band transactions: i (Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) c. Journalize the payment of interest and amortization on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 31 d. Journalize the retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been recorded. Date Accounts and Explanation Debit Credit 2037 Dec. 31 Choose from any list or enter any number in the Input fields and then continue to the next question. ? MacBook Air

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