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PF12-35A (similar to) On January 1, 2024, Technicians Credit Union (TCU) issued 9, 20-year bonds payable with face value of $300,000. These bonds pay
PF12-35A (similar to) On January 1, 2024, Technicians Credit Union (TCU) issued 9, 20-year bonds payable with face value of $300,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 108 Jounale the following bond transactions Click the icon to view the bond transactions (Assume bonds payable are amortized using the insight-line amortization method Recond debits first, then credits. Select explanations on the last line of the journal entry Round your answers to the nearm whole car) a Jounalue the issuance of the bonds on January 1, 2024 Date 2004 Jan 1 Accounts and Explanation Debit Credit More info auance of the bonds on January 1, 2024 b. Payment of net and amentication on June 30, 2024 Payment of interest and ametization on December 31, 2024 Retrament of the bond at maturity on December 31, 2043, uning the las interest payment has already been recorded P Done
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