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On January 1, 2021, Laird Company issued $300,000, 5 year, 9 bonds at 100. Interest is paid semiannually on each one and December 31. The

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On January 1, 2021, Laird Company issued $300,000, 5 year, 9 bonds at 100. Interest is paid semiannually on each one and December 31. The maturity date is December 31, 2030 What journal entry will the company record when it makes its first sea r ch interest payment on June 30, 2021 Debit interest Expense $900, detit Premiumon Bonds Payable $13.500 credith Debit interest Expense $13.500 credit Premium on Bonds Payable credit Det interest Expense $14,400, credet Premium on Bonds Payable credith $14.400 $12.00 $13.500 Debit interest Expense $12,000, debit Premium on Bonds Payable $200 credit Cash $13.500 Question 42 The Cash account is decreased with a det credit Question 43 2pts Prepaid Rent is an account tabiiy TRUE O dense

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