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Question 5 of 6 < > -/1E Sheridan Company issued $460,000 of 7%, 20-year bonds on January 1, 2017, at face value. Interest is

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Question 5 of 6 < > -/1E Sheridan Company issued $460,000 of 7%, 20-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Jan. 1. 2017 eTextbook and Media List of Accounts Debit Credit Prepare the journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Dec. 31, 2017 eTextbook and Media List of Accounts Debit Credit Prepare the journal entry to record the payment of interest on January 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1. Debit Credit

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