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Required information [The following information applies to the questions displayed below) Legacy Issues 5630,000 of 9.0%, four year bonds dated January 1, 2019, that pay

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Required information [The following information applies to the questions displayed below) Legacy Issues 5630,000 of 9.0%, four year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $571.310 when the market rate is 12% 4. Prepare the journal entries to record the first two interest payments. Credit NO Date Answer is complete but not entirely correct. General Journal Debit Bond interest expense 5.9203 Discount on bonds payable Cash 1 June 30 34 279 28 350 6,284 2 December 31 Bond interest expense Discount on bonds payable Cash 34,634 28.350

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