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Question 5 (9 points) Booker Corporation issued $550,000 of 6%, 10-year bonds at par value on October 01, 2019 that pay interest each October 1.
Question 5 (9 points) Booker Corporation issued $550,000 of 6%, 10-year bonds at par value on October 01, 2019 that pay interest each October 1. The company's year end is December 31. Required: (round all answers to the nearest whole dollar) Prepare the journal entries that Booker Corporation would make to record: a. The issuance of the bopd. (2 marks) b. The year end adjusting entry on December 31. (3 marks) c. The first interest payment. (4 marks) OC - Format - B I U - GENERAL JOURNAL ACCOUNT TITLES AND DEBIT CREDIT DATE EXPLANATION @ ^
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