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Please answer this question 1) Paper Company sells $4,680,000 of bonds at par on January 1, 2020. The bonds pay 14% interest semiannually on June
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1) Paper Company sells $4,680,000 of bonds at par on January 1, 2020. The bonds pay 14% interest semiannually on June 30 and December 31. Required: Record the entry for the first interest payment on June 30, 2020. View transaction list Journal entry worksheet Record the entry for semiannual interest paid on June 30, 2020. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Cash Record entry Clear entry View general jour 2) Paper Company sells $520,000 of bonds at par on July 1, 2020. Required: Record the entry to record the cash sale of bonds on July 1, 2020. View transaction list Journal entry worksheet Record the sale of bonds for cash on July 1, 2020. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journalStep by Step Solution
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