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Problem II Tagawa Corporation issued $650,000, 9%, 10 year bonds on January 1, 2019 at 5609,497 Interest is payable semi-annually on July 1 and January

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Problem II Tagawa Corporation issued $650,000, 9%, 10 year bonds on January 1, 2019 at 5609,497 Interest is payable semi-annually on July 1 and January 1. Tagawa Corporation uses the straight-line method to amortise this bond Prepare entries for: 1. The issuance of the bonds. 2. The payment of interest and the discount amortization on July 1, 2019. 3. The accrual of the interest and the discount amortization on December 31, 2019. 4. Payment of interest on January 1, 2020. Date Debit Credit

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