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On January 1, Desmond & Co. issued 4,000 bonds with a $1,000 par value at 100. The bonds have an 6% stated rate, pay
On January 1, Desmond & Co. issued 4,000 bonds with a $1,000 par value at 100. The bonds have an 6% stated rate, pay interest on June 30 and December 31. Required: Prepare the journal entry to record the interest payment on June 30. If an amount box does not require an entry, leave it blank. June 30
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
