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On Jaruary 1,2024 , Techricans Credit Union (TCU) issued 5%,20-year bonds payable with tace value of 5900,000 . These bonds pay interest on June 30
On Jaruary 1,2024 , Techricans Credit Union (TCU) issued 5%,20-year bonds payable with tace value of 5900,000 . These bonds pay interest on June 30 and Decomber 31 . The issue price of the bonds is 10e. Journalize the following bond transactions: (1) (Click the icon 10 view the bond trinswaicons) Casoume bonds payable are amorized using the straight-ine amorization method. Record debits first, then creots. Seloct explanations on the last line of the journal entry. Round your ansesen to the nearest whole dole.) a. Joumalize the issusence of the bonds on Janusry 1, 2024. More info a. Issuance of the bonds on January 1, 2024. b. Payment of interest and amortization on June 30, 2024. c. Payment of interest and amortization on December 31, 2024. d. Retirement of the bond at maturity on December 31, 2043, assuming the last interest payment has already been recorded
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