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S9-10 (similar to) Assigned Media Question Zillow Corp. issued 10 percent, 3-year bonds payable with a maturity value of $50,000 on January 1, 2018. Journalize
S9-10 (similar to) Assigned Media Question Zillow Corp. issued 10 percent, 3-year bonds payable with a maturity value of $50,000 on January 1, 2018. Journalize the following transactions and include an explanation for each entry. The market rate of interest equaled the stated rate at the date of issuance. a. Issuance of the bond payable at par on January 1, 2018 b. Payment of semiannual interest on July 1, 2018 c. Payment of the bonds payable at maturity (give the date) Journalize the following transactions and include an explanation for each entry. The market rate of interest equaled the stated rate at the date of issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Journalize the issuance of the bond payable at par on January 1, 2018. Journal Entry Accounts and Explanations Date Debit Credit Jan 1, 2018
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