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Present journal entries to record the following: Star Corp. issued $500,000 of 10-year, 12% bonds on June 1 of the current year with interest payable

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Present journal entries to record the following: Star Corp. issued $500,000 of 10-year, 12% bonds on June 1 of the current year with interest payable on December 1^st. Journalize the entries to record: Issuing the bonds for cash) Paying the December 1^st interest on the bonds

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