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Poliver Company issued an $800,000, 7% 10 year bond payable at face value on January 1, 2018. Interest is paid semiannually on January 1 and
Poliver Company issued an $800,000, 7% 10 year bond payable at face value on January 1, 2018. Interest is paid semiannually on January 1 and July 1.
Requirement 1. Journalize the issuance of the bond payable on January 1, 2018. (Record debits first, then credits. Select explanation Accounts and Explanation Debit Date Credit 2018 Jan. 1 Requirements 1: Journalize the issuance of the bond payable on January 1, 2018.
Requirenmnt 2: Journalize the payment of semiannually interest on July 1, 2018.
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