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Piper Company issued a $900,000, 6%, ten-year bond payable at face value on January 1, 2024. Interest is paid semiannually on January 1 and July

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Piper Company issued a $900,000, 6%, ten-year bond payable at face value on January 1, 2024. Interest is paid semiannually on January 1 and July 1 Requirements Joumalize the nuance of the bond payable on January 1, 2024 Joumalize the payment of semiannual interest on July 1, 2024 1. 2 Requirement 1. Journalize the issuance of the bond payable on January 1, 2024 (Record debits first, then credits Select explanations on the last line of the Journal entry) Accounts and Explanation Date Debit Credit 2024 Jan Requirement 2. Journalize the payment of semiannual interest on July 1 2024 (Record dubits first, then credits Select explanations on the last line of the journal entry) Date Accounts and Explanation Debit Credit 7024 Jul 1

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