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Return to Blackboard el, Financial Accounting, 8e Brief Exercise 10-10 Sheffield Corp, issued 2,500 5%, 7-year, $1,000 bonds dated January 1, 2017, at face value.

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Return to Blackboard el, Financial Accounting, 8e Brief Exercise 10-10 Sheffield Corp, issued 2,500 5%, 7-year, $1,000 bonds dated January 1, 2017, at face value. Interest is pa (a) Prepare the journal entry to record the sale of these bonds on January 1, 2017. Credit account titles are automatically indented when manually.) Date Debit Credit Jan. 1, 2017 (b) Prepare the adjusting journal entry on December 31, 2017, to record interest expense. (Credit account titles are automatically indented when amount is indent manually.) Date Dec. 31, 2017 Debit Credit (c) Prepare the journal entry on January 1, 2018, to record interest paid. (Credit account titles are automatically indented when amount is entered. Do not manually.) Date Jan. 1, 2018 Debit Account Titles and Explanation earch

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