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On April 1, Danvers Inc. issued 20-year, 5.5 percent bonds with a maturity value of $5,000,000. The bonds sell at 98.00 and pay interest on

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On April 1, Danvers Inc. issued 20-year, 5.5 percent bonds with a maturity value of $5,000,000. The bonds sell at 98.00 and pay interest on September 30 and March 31. Danvers Inc, amortizes bond discounts by the straight-line method. Required a. Record the issuance of the bonds on April 1. (Record debits first, then credits. Exclude explanations from the jourljal entry.) Journal Entry Date Accounts Debit Credit Apr 1 b. Record the payment of semi-annual interest on September 30 (Round your answers to the nearest whole dollar) b. Record the payment of semi-annual interest on September 30. (Round your answers to the nearest whole dollar.) Journal Eitry Accounts Debit Date Credit Sep 30 c. Record the interest accrual on December 31, (Hold all decimals in interim calculations. Round your final answers to the nearest whole dollar.) Journal Entry c. Record the interest accrual on December 31, (Hold all decimals in interim calculations. Round your final answers to the nearest whole dollar.) Journal Entry Accounts Date Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next

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