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On June 30, Year 1, Cashews, Inc., issued $200,000 worth of 8% bonds at par value. Interest will be paid annually on June 30. For

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On June 30, Year 1, Cashews, Inc., issued $200,000 worth of 8% bonds at par value. Interest will be paid annually on June 30. For each item listed below, select the correct dollar amount and December 31 Year 1 financial statement for each line item: Interest Expense Interest Paid Bonds Payable A. (8,000); Balance Sheet B. 200,000; Balance Sheet C. (16,000); Income Statement D. 0; Statement of Cash Flows E. (8,000); Income Statement Interest Payable F (16,000); Statement of Cash Flows G 8,000; Balance Sheet H. 16,000; Balance Sheet

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