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Suppose Libro issued a seven year $16000 bond with stated interest rate of 5.50% when the market interest rate was 5*1/2%. Assume that the accounting

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Suppose Libro issued a seven year $16000 bond with stated interest rate of 5.50% when the market interest rate was 5*1/2%. Assume that the accounting year of libro ends on september 30. journalize the following transactions, including an explaination for each entry. a. issuance of the bond payable on april 1, 2020 b. accrual of interest expense on september 30,2020 (rounded to the nearest dollar) c. payment of cash interest on october 1,2020 d. payment of the bonds at maturity ( give the dates)

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