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pls answer The Nash Company issued $300,000 of 13% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each
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The Nash Company issued $300,000 of 13% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 97. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Nash Company records straight-line amortization semiannually. (if no entry is required, select "No Entry for the account tities and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Cre (a) (b) v c) Step by Step Solution
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