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Need the answers asap! Thank you for help! On December 31, 20x0, the Robin Corporation issues $5,000,000 of 5% bonds. The bonds are due on

Need the answers asap! Thank you for help!

On December 31, 20x0, the Robin Corporation issues $5,000,000 of 5% bonds. The

bonds are due on December 31, 20x10 and were issued to yield 4.6%. The bonds pay

interest semi-annually on June 30 and December 31. Bond issue costs of $53,000 were

incurred.

Required

a) Prepare all journal entries relative to this bond issue for the years ended

December 31, 20x0 and December 31, 20x1.

b) Assume that on July 2, 20x7, Robin repurchases 45% of the bond issue at 105.

Prepare the journal entry on July 2, 20x7. Also prepare the journal entry on

December 31, 20x7.

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