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Required information [The following information applies to the questions displayed below.] Ike issues $220,000 of 13%, three-year bonds dated January 1, 2021, that pay interest
Required information [The following information applies to the questions displayed below.] Ike issues $220,000 of 13%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $225,417 when the market rate is 12%. 4. Prepare the journal entries to record the first two interest payments. View transaction list 1 Record the first interest payment on June 30. 2 Record the second interest payment on December 31. Credit Note: journal entry has been entered Record entry Clear entry View general journal >
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