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On September 1,2024 , imperial Corperation issued $1,000,000,6%,10-year bonds interest is payable annualy with the first payment due on Septernber 1,2025 Instructions a) Provide the

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On September 1,2024 , imperial Corperation issued $1,000,000,6%,10-year bonds interest is payable annualy with the first payment due on Septernber 1,2025 Instructions a) Provide the appropriate joumal entry on September 1,2024 to record the issuance of the bonds if the maket rate of interest is 5% Round your answer to Ge neaxest dolar b) Assuming imperial has a December 31 year end, prepare the 2024 year-end adjusting entry to account for accrued interest on the bonds. Round your answer to the nearest dellar c) Prepare a partial balance sheet at December 31,2024 for imperial Corporation displaying al amounts reiated to the bonds d) Prepare the journal entry on September 1,2025 to record the first interest payenent e) Assume the bonds were redeemed for $1,050,000 at September 30,2027 when the amoctzed cost was 51,035,000 Record the redectppion of the bonds Student Response

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