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Madrid Company plans to issue 10% bonds with a par value of $4,900,000. The company sells $4,410,000 of the bonds at par on January 1.

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Madrid Company plans to issue 10% bonds with a par value of $4,900,000. The company sells $4,410,000 of the bonds at par on January 1. The remaining $490,000 sells at par on July 1. The bonds pay interest semiannually on June 30 and December 31, 1. Record the entry for the first interest payment on June 30. 2. Record the entry for the July 1 cash sale of bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the entry for the first interest payment on June 30. View transaction list Journal entry worksheet 1 Record the entry for semiannual interest paid. Brussels Enterprises issues bonds at par dated January 1, 2020, that have a $2,400,000 par value, mature in four years, and pay 6% interest semiannually on June 30 and December 31 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for the maturity of the bonds on December 31, 2023 (assume semiannual interest is already recorded). View transaction list Journal entry worksheet On January 1, 2020, Eagle Company borrows $29,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $8,178, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023 Exercise 10-12 (Algo) Installment note amortization table LO C1 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) (D) (A) Beginning Balance Payments (C) Debit interest Debit Notes Expense Payable (E) Ending Balance Credit Cash Period Ending Date 2020 2021 2022 2023 $ 0 $ 0 Total

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