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Presented below are selected transactions on the books of Whispering Corporation May 1 2020 Dec 31 Jan 1.2021 Bonds payable with a par value of

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Presented below are selected transactions on the books of Whispering Corporation May 1 2020 Dec 31 Jan 1.2021 Bonds payable with a par value of $853200, which are dated January 1, 2020, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 13% payable annually at January 11, and mature January 1, 2030. (Use interest expense account for accrued interest) Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. (Use straight-line amortization) Interest on the bonds is paid Bonds with par value of $341.280 are called at 102 plus accrued interest and redeemed (Bond premium is to be amortired only at the end of each year) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortired April 1 Dec 31 Prepare journal entries for the transactions above. (Round intermediate calculations to decimal places 1251247 and final answers to decimal places 38.548.ro entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented whermountered. Do noindent moll)

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