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modoc On January 1, 2004, Noah Unlimited issues 7%, 20-year bonds payable with a face value of $220,000. The bonds are issued at 103
modoc On January 1, 2004, Noah Unlimited issues 7%, 20-year bonds payable with a face value of $220,000. The bonds are issued at 103 and pay interest on June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method) Read the requirements Requirement 1. Journalize the issuance of the bonds on January 1, 2024. (Record debts first, then credits. Select explanations on 1 Date 2024 Jan 1 Accounts and Explanation Debit Requirements 1. Journalize the issuance of the bonds on January 1, 2024 2. Joumalize the semiannual interest payment and amortization of bond pramium on June 30, 2024. 3. Journalize the semiannual interest payment and amortization of bond premium on December 31, 2024 4. Joumalize the retirement of the bond at maturity, assuming the last interest payment has already been recorded. (Give the date) Print Done Credit X last line of the journal entry) Clear all Check answer
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