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On Jan. 1, Year 1, Foxcroft Inc. issued 120 bonds with a face value of $1,080 for $133,100. The bonds had a stated rate of
On Jan. 1, Year 1, Foxcroft Inc. issued 120 bonds with a face value of $1,080 for $133,100. The bonds had a stated rate of 5% and paid interest semiannually. what is the journal entry to record the first payment to the bondholders? If an amount box does not require an entry, leave it blank. Jun, 30 Interest Expense Lash *8*8** Check My Work
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