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On July 1, 2022 Jerusalem Company issued bonds payable with a par value os of JOD500,000, which are dated January 1, 2022, are sold at
On July 1, 2022 Jerusalem Company issued bonds payable with a par value os of JOD500,000, which are dated January 1, 2022, are sold at 88.7 plus accrued inter yield 12%. They are coupon bonds, bear interest at 10% (payable annually at January 1). and mature January 1, 2032. Prepare journal entries for the issuance of the bonds on July 1, 2022 and for the accrued interest on December 31, 2022 Your answer On July 1, 2022 Jerusalem Company issued bonds payable with a par value os of JOD500,000, which are dated January 1, 2022, are sold at 88.7 plus accrued inter yield 12%. They are coupon bonds, bear interest at 10% (payable annually at January 1). and mature January 1, 2032. Prepare journal entries for the issuance of the bonds on July 1, 2022 and for the accrued interest on December 31, 2022 Your
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