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of 3 Required information [The following information applies to the questions displayed below) Claire Corporation is planning to issue bonds with a face value of
of 3 Required information [The following information applies to the questions displayed below) Claire Corporation is planning to issue bonds with a face value of $290,000 and a coupon rate of 10 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 12 percent. (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) aces 2. Provide the launal ontntn rnrond thi You received partial credit in the previous attempt. 4 View previous attempt 2. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) Ro3 View transaction list View journal entry worksheet Debit No Credit General Journal Date 1 March 31 Interest expense Cash Bond discount 7.250 30 2 June 30 N Interest expense Cash Bond discount 7.250 -nces 3 September 30 Interest expense Cash Bond discount 7.250 4 December 31 Interest expense Cash 7.250 Bond discount s
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