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On May 1. 2020, Sunland Corp. 1sweed CHF 670.000. 12%. S-year bonds at face value. The bonds mere dated May 1, 2020, and pxy interest
On May 1. 2020, Sunland Corp. 1sweed CHF 670.000. 12\%. S-year bonds at face value. The bonds mere dated May 1, 2020, and pxy interest annually on May 1. Financial statements are prepared ancally on Drceinber 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent monually.] Prepure the adjusting entry to record the accrual of interest on Deceenber 31. 2020. ICreafit accopant tities are automatically indented when disount is entered. Do not indent manwally. Resind answers to 0 decimal places, e.g. 5.675. Show the statement of financial position presentatige on December 31 . 2020. IEnter accevet name anty and do not provide descriptive inferimation. Reund answers to 0 decimal pleces. <.55.575.5 prepare the journal entry to record payment of interest on may icredit account fitles are automatically indented when amosit is entered. do not indent manuelly. round asswers decimal places e. adjusting accrual december titles amount manoally. roond answers e.g. assume that jahuary sunland pays bond and calls bondc. therall price redemption bonds. nat manualiy. es.>
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