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Prepare journal entries to record the following transactions related to long-term bonds of Nash's Co. (a) On April 1, 2019, Nash's issued $1,600,000, 9% bonds

Prepare journal entries to record the following transactions related to long-term bonds of Nash's Co. (a) On April 1, 2019, Nash's issued $1,600,000, 9% bonds for $1,721,178 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2029. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation April 1 Debit (b) List of Accounts Save for Later Credit Attempts: 0 of 1 used Submit Answer On July 1, 2021 Nash's retired $480,000 of the bonds at 102 plus accrued interest. Nash's uses straight-line amortization. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation (To record interest and premium on bonds) (To record entry for retirement of bonds) List of Accounts Save for Later Debit Credit Attempts: 0 of 1 used Submit

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