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Required information [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $290,000 and
Required information [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $290,000 and a coupon rate of 10 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31 . All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 12 percent.(FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final nswers to nearest whole dollar amount. Record the interest payment on September 30. Note: Enter debits before credits. Record the interest payment on December 31. Note: Enter debits before credits
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