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Please assist with all requirements Vernon Company issued a $60,000, 4.0%, 15-year bond payable. Journalize the following transactions for Vernon Company, and include an explanation

Please assist with all requirements

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Vernon Company issued a $60,000, 4.0%, 15-year bond payable. Journalize the following transactions for Vernon Company, and include an explanation for each entry: a. Issuance of the bond payable at face value on January 1, 2018. b. Payment of semiannual cash interest on July 1, 2018. c. Payment of the bond payable at maturity, assuming the last interest payment had already been recorded. (Give the date.) (Record debits first, then credits. Select explanations on the last line of the journal entry.) 2018 Jan. 1 Cash 60,000 Bonds Payable 60,000 Issued bonds payable . b. Payment of semiannual cash interest on July 1, 2018. Date Accounts and Explanation Debit Credit 2018 JUL 1 Clear all Check

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