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Pronghorn Corp issued 2.2009%, 5-year $1.000 bonds dated January 1, 2022, at face value. Interest is pald each January (a) Prepare the journal entry to

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Pronghorn Corp issued 2.2009%, 5-year $1.000 bonds dated January 1, 2022, at face value. Interest is pald each January (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically inderted when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Jan 1, 2022 Cash 3200 Bonds Payable 3200 Date (b) Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Credit Interest Expense Date Debit Dec. 31.2022 198 Interest Payable 198 (c) Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically indented when amount Is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1. 2023 Interest Payable 214 Cash 215

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