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Show work, please On December 31, 2019, AB Co. issued a 5% stated rate, 5-year bonds payable with a face amount of $100,000 at a

Show work, please
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On December 31, 2019, AB Co. issued a 5% stated rate, 5-year bonds payable with a face amount of $100,000 at a price of 95. Interest is payable annually on December 31. Prepare the entries to record: The issuance of the bonds payable on December 31, 2019 The first interest payment and amortization on December 31, 2020. The company closes annually on December 31. AFTER Justice, Inc. made all interest expense entries on December 31, 2020, Justice purchased back all of its own bonds payable at a price of 97 on January 1, 2021. Prepare the journal entry to record the bond redemption on January 1, 2021. On December 31, 2019, AB Co. issued a 5% stated rate, 5-year bonds payable with a face amount of $100,000 at a price of 95. Interest is payable annually on December 31. Prepare the entries to record: The issuance of the bonds payable on December 31, 2019 The first interest payment and amortization on December 31, 2020. The company closes annually on December 31. AFTER Justice, Inc. made all interest expense entries on December 31, 2020, Justice purchased back all of its own bonds payable at a price of 97 on January 1, 2021. Prepare the journal entry to record the bond redemption on January 1, 2021

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