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On January 1. 2020, Larkspur Corporation issued $660,000 of 9% bonds, due in 8 years. The bonds were ksued for $624,235, and pay interest each

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On January 1. 2020, Larkspur Corporation issued $660,000 of 9% bonds, due in 8 years. The bonds were ksued for $624,235, and pay interest each July 1 and January 1 ; Larkspur uses the effective-interest method. Prepare the company's journalentries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 xdjusting entry. Assume an effective-interest rate of 10%. (Round intermediate calculations to 6 decimal places, es, 1.251247 end final onsaver to 0 declmal ploces, e\& 38,548 . If no entry is required, select 'No Entry' for the occount titles and enter Ofor the arnounts. Credit account titles are automotically indented when amount is entered. Do not indent monualis. No. (a) Account Titles and Explanation Debit cred (a) I (b) (c) eTextbook and Media

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