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On June 30, Price Company issues 10%, 5-year bond payable with at face value of $40,000. The bonds are issued at face value and pay
On June 30, Price Company issues 10%, 5-year bond payable with at face value of $40,000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. (Record debits first, then credits . Select explanations on the last line of the journal entry.) Requirement 1. Journalize the issuance of the bonds on June 30. Date Accounts and Explanation Debit Credit June 30 Choose from any list or enter any number in the input fields and then continue to the next
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