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RCES Question 1 Sunland Company acquires 71, 896, 5 year, $1,000 Community bonds on January 1, 2017 for $71000. A20 Assume Community pays interest on

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RCES Question 1 Sunland Company acquires 71, 896, 5 year, $1,000 Community bonds on January 1, 2017 for $71000. A20 Assume Community pays interest on January 1. The journal entry at December 31, 2017 would include a credit to Interest Receivable for $2840 Interest Receivable for $5680 Interest Revenue for $5680 Accrued Expense for $5680

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