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On January 1, 2025, Jefferson Accounting Services issued $59,000 of 5% bonds that mature in five years. They were issued at face value. The bonds
On January 1, 2025, Jefferson Accounting Services issued $59,000 of 5% bonds that mature in five years. They were issued at face value. The bonds pay semiannual interest payments on June 30 and December 31 of each year. What is the journal entry for the interest payment made on June 30, 2025? ninute ex O A. Interest Expense Cash 1,475 1,475 work 15 OB. Interest Expense Cash 2,950 2,950 OC. Cash Interest Expense 1,475 1,475 OD. Cash Interest Expense 2,950 2,950
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