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On January 1 , 2 0 2 4 , Nurses Credit Union ( NCU ) issued 6 % , 2 0 - year bonds payable
On January Nurses Credit Union NCU issued year bonds payable with face value of $ These bonds pay interest on June and December The issue price of the bonds is Journalize the following bond transactions:
Click the icon to view the bond transactions.
Assume bonds payable are amortized using the straightline amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.
b Journalize the payment of interest and amortization on June
tableDateAccounts and Explanation,Debit,CreditJunInterest Expense,,Premium on Bonds Payable,,CashPaid semiannual interest and amortized premium.,,
c Journalize the payment of interest and amortization on December
tableDateAccounts and Explanation,Debit,
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