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The board of directors of Allen Services Inc. authorized the issuance of $200.000 face value. 20 year, 7 percent bonds dated April 1 2019, and

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The board of directors of Allen Services Inc. authorized the issuance of $200.000 face value. 20 year, 7 percent bonds dated April 1 2019, and maturing on April 1. 2039. Interest is payable semiannually on April 1 and October 1. Alen uses the calendar year as is fiscal year. The bond transactions that occurred in 2019 and 2020 follow DATE TRANSACTIONS FOR 2019 Apr. 1 Issued $140,00 of bonds at face value. Oct. 1 Paid the semiannual interest on the bonds issued. Dec. 31 Recorded the adjusting entry for the accrued bond interest. Closed the Bond Interest Expense account to the Income DATE TRANSACTIONS FOR 2020 Jan. 1 Reversed the adjusting entry sade on December 31, 2019. Apr. 1 Issued $60,000 of bonds at face value. Paid the interest for six months on the bonds previously Oct. 1 Paid the interest for six months on the outstanding bonds. Dec. 31 Recorded the adjusting entry for the accrued bond interest. Closed the Bond Interest Expense account to the Income Sumary account. Required: Record the transactions in general journal form. Analyze Based on the transactions given, what is the balance in the Band Payable account on December 31, 2019 Complete this question by entering your answers in the tabs below. Gener al Journal Record the transactions in general journal form. View transion list View all entry worksheet 7 1 Apr 01, 2010 Cash 73

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