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On June 30, Puppa Company issues 8%,10-year bonds payable with at face value of $130,000. The bonds are issued at face value and pay hterest

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On June 30, Puppa Company issues 8%,10-year bonds payable with at face value of $130,000. The bonds are issued at face value and pay hterest on June 30 and Decernber 31 Requirements 1. Journalize the issuance of the bonds on June 30 2. Joumalize the semiannual interest payment on December 31 Requirement 1. Journalize the issuance of the bonds on June 30. (Record debits first, then crodits. Solect explanations on the last line of the journai entry)

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