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Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically indented when amount is entered. Do not

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Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually) On January 1, Pharoah Company issued $318,000,7%,10-year bonds at face value. Interest is payable annually on January 1

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