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Suppose that Walmart issued $2,080,000,6%,20-year bonds on January 1, 2025 at 103 . Interest is payable annually on January 1 Walmart uses straight-line amortization for

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Suppose that Walmart issued $2,080,000,6%,20-year bonds on January 1, 2025 at 103 . Interest is payable annually on January 1 Walmart uses straight-line amortization for bond premium or discount. Prepare the journal entries to record the following events. (Credit occount tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter of for the amounts) (a) The issuance of the bonds. (b) The accrual of interest and the premium amortization on December 31, 2025. (c) The payment of interest on January 1, 2026. (d) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. Premium on Bonds Payabie Interest Payable 7. 1.2045

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