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On May 1, Mason Company issued $3,500,000, 6% bonds for face value plus including accrued interest. Interest is payable semiannually on January 1 and July
On May 1, Mason Company issued $3,500,000, 6% bonds for face value plus including accrued interest. Interest is payable semiannually on January 1 and July 1.
Prepare the journal entries to record the May 1 bond issue and the July 1 interest payment
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