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Requlred 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the

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Requlred 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. 3. Determine the total bond interest expense to be recognized over the bonds' life. Check(3)$2,704,020 4. Prepare the first two years of a straight-line amortization table like Exhibit 10.11. (4) 12/31/2022 carrying value, $4,776,516 5. Prepare the journal entries to record the first two interest payments

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