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please can someone help me ASAP !!! Juno Co issued $30,000 of 8%, 4-year bonds when the market interest rate was 10%. The bond pays
please can someone help me ASAP !!!
Juno Co issued $30,000 of 8%, 4-year bonds when the market interest rate was 10%. The bond pays interest semiannually on June 30th and December 31st. Proceeds received were $28,061. 1. The entry to record the issuance of the bonds on January 1 is: Dr. [ Select) $ Select) Dr. [Select] $ Select) Cr. Select] $ [ Select) 4 2. The entry to pay the semi-annual interest on the bonds on June 30 is: Dr. Interest Expense $ Select) Cr. Cash $ Select 3. The entry to record the amortization of 1/8th of the Bond Premium or Discount on June 30 is: Dr. Select : $242.38 Cr. Select) . $242.38 Step by Step Solution
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