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Provide the journal entry to record the interest payment on 1) March 31 2) June 30 3) September 30 4) December 31 of this year

image text in transcribedProvide the journal entry to record the interest payment on

1) March 31

2) June 30

3) September 30

4) December 31 of this year

Required information P10-8 (Algo) (Chapter Supplement) Recording and Reporting a Bond Issued at a Discount (without Discount Account) LO10-4 (The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $210,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and does not use a discount account. Assume an annual market rate of interest of 12 percent. (FV of $1 PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)

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