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On January 1, Inno Solutions, Inc. issued $200,000 in bonds at face value. The bonds have a stated interest rate of 6 percent. The bonds
On January 1, Inno Solutions, Inc. issued $200,000 in bonds at face value. The bonds have a stated interest rate of 6 percent. The bonds mature in ten years and pay interest once per year on December 31. Required: 1. Prepare the journal entry to record the bond issuance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the early retirement of the bonds. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal
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