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On October 1, 2021, Monty Corp. issued $828,000,7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on

On October 1, 2021, Monty Corp. issued $828,000,7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (Prepare a tabular summary to record redemption of the bonds on October 1, 2031, their maturity date. (Assume interest has already been recorded and paid.)
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On October 1,2021 , Monty Corp. issued $828,000,7%,10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a), (c) (d) (a) Prepare a tabular summary to record the issuance of the bonds and the adjustments to record the accrual of interest on December 31,2021 (c) Prepare a tabular summary to record the payment of interest on October 1,2022. (d) Prepare a tabular summary to record redemption of the bonds on October 1,2031, their maturity date (Assume interest has already been recorded and paid

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