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On January 1, Year 1, Bell Corporation issued $335,000 of 10-year, 7 percent bonds at their face amount. Interest is payable on December 31 of
On January 1, Year 1, Bell Corporation issued $335,000 of 10-year, 7 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, Year 1. Required Prepare all the general journal entries related to these bonds for Year 1 and Year 2. (if no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld.) View transaction list Journal entry worksheet 1 2 3 + Record the issue of bonds payable. ances Note: Enter debits before credits General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal Viewract Journal entry worksheet Record the interest expense for bonds payable for Year 1. debitorer General Journal Debit Credit Date Dec 1 Record entry Cleereny View generalmal Journal entry worksheet 1 2 3 > Record the interest expense for bonds payable for Year 2. Mater Enter debits before credits. General Journal Date Dec 31 Debit Credit Record entry Clear entry View general journal
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