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TB Problem 12-146 (Static) 17 On January 1, 2021, Wildcat Company purchased $93,000 of 10% bonds at face value. The bonds are to be held-to-maturity.
TB Problem 12-146 (Static) 17 On January 1, 2021, Wildcat Company purchased $93,000 of 10% bonds at face value. The bonds are to be held-to-maturity. The bonds pay interest semiannually on January 1 and July 1. 5 points Required: 1. Prepare the appropriate journal entry to record the acquisition of the bonds. 2. Record the first two interest payments (ignore year-end accruals). 01:52:08 Complete this question by entering your answers in the tabs below. eBook References Required 1 Required 2 Prepare the appropriate journal entry to record the acquisition of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the interest payments received for 07/01/2021. Note: Enter debits before credits. Date General Journal Debit Credit 07/01/2021 Record entry Clear entry View general journal Journal entry worksheet
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