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Please use an excel sheet to complete the following exercise. On January 1, 20xx, SDF company issued $500,000, 8%, 10-year bonds. In exchange for the

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Please use an excel sheet to complete the following exercise. On January 1, 20xx, SDF company issued $500,000, 8%, 10-year bonds. In exchange for the bonds, the company received a market rate of 6% which resulted in a premium of $74,389. Interest will be paid every six months on June 30th and December 31st each year on December 31, 2019. 1) Based on this information, what is the journal entry to record the issuance of the bond? 2) What is the journal entry to record the first interest payment in year one? 3) The bond was sold at the end of the 18th year. What are the journal entries to record the sale and any gain or loss on the sale? (Ctrl)

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