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Part fgh Please Bond Issue B Adjusted for rounding g. Calculate the bond B interest expense that would appear on the income statement for the
Part fgh Please
Bond Issue B "Adjusted for rounding g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31,2027. h. Independent of (a) through (g). assume that bond B issues was retired on December 1,2027 , at 97 . Record the entries. Answer is not complete. \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ No } & \multicolumn{1}{|c|}{ General Journal } & Debit & Credit \\ \hline 1 & December 01, 202 & Bond interest expense & \\ \hline & & Discount on bonds payable & \\ \hline & Cash & & \\ \hline 2 & & December 01, 202 & Bonds payable & \\ \hline & & Gain on retirement of bonds & \\ \hline & Discount on bonds payable & \\ \hline & Cash & \\ \hline \end{tabular} Step by Step Solution
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