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Reporting Financial Statement Effects of Bond Transactions b . Post the journal entries to their respective T - accounts. Note: Enter your answers, in transaction
Reporting Financial Statement Effects of Bond Transactions b Post the journal entries to their respective Taccounts.
Note: Enter your answers, in transaction order, in the first open field of the appropriate column in each
account.
On January Shields, Inc., issued $ of year bonds for $ yielding a market yield rate of
Semiannual interest is payable on June and December of each year.
a Prepare the journal entries for transactions described above.
Note: Round your answers to the nearest whole dollar.
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