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Required information [The following information applles to the questions displayed below} On January 1.2021, White Water issues $600,000 of 7% bonds, due in 10 years,

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Required information [The following information applles to the questions displayed below\} On January 1.2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable annually on December 3 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $644,161 2. Record the bond issue on January 1.2021, and the first two interest payments on December 31, 2021, and December 31, 2022 (If no entry is required for o porticulor transectionievent, select "No Journal Entry Required" in the first occount field. Round your final onswers to the nearest whole dollar.) Journal entry worksheet

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