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On February 1, 2018, Fox Corporation issued 7% bonds dated February 1, 2018, with a face amount of $110,000. The bonds sold for $99,114 and

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On February 1, 2018, Fox Corporation issued 7% bonds dated February 1, 2018, with a face amount of $110,000. The bonds sold for $99,114 and mature in 20 years. The effective interest rate for these bonds was 8% Interest is paid sem iannually on July 31 and Jenuary 31. Fox's fiscal year is the calendar yeat Fox uses the straight line method of amortization Required 1. Prepare the journal entry to record the bond issuance on February 1, 2018 2. Prepare the entry to record interest on July 31.2018 3. Prepare the necessary journal entry on December 31, 2018 4. Prepare the necessary journal entry on January 31. 2019 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Prepare the journal entry to record the bond issuance on February 1., 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round final answers to the nearst whole dollar.) View transaction list View journal entry worksheet Date General Journal Debit Credit No 01, Cash 99,114 10,886 201 Discount on bonds payable 110,000 Bonds payable Required 2>

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