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On August 1, 2022, Cheyenne Corp issued $645,000 8% 10% year bonds at face value. Interest is payable annually on August 1, and Cheyenne's year-end

On August 1, 2022, Cheyenne Corp issued $645,000 8% 10% year bonds at face value. Interest is payable annually on August 1, and Cheyenne's year-end is December 31.

Prepare the journal entry to record the annual accrual of interest on December 31, 2022

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