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The board of directors of Canterbury Plus authorizes the issue of $9,000,000 of 9%, 5-year bonds payable. The semiannual interest da Requirements 1. Journalize the

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The board of directors of Canterbury Plus authorizes the issue of $9,000,000 of 9%, 5-year bonds payable. The semiannual interest da Requirements 1. Journalize the following transactions: a. Issuance of half of the bonds on May 31, 2019 b. Payment of interest on November 30, 2019 c. Accrual of interest on December 31, 2019 d. Payment of interest on May 31, 2020 2. Report interest payable and bonds payable as they would appear on the Canterbury Plus balance sheet at December 31, 2019 Requirement 1. Journalize the transactions a through d. (Record debits first, then credits. Exclude explanations from journal entr a. Issuance of half of the bonds on May 31, 2019 Journal Entry Date Accounts Debit Credit 2019 May 31 ear bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on May 31, 2019, at face value ury Plus balance sheet at December 31, 2019 Eredits Exclude explanations from journal entries.) Sredit b. Payment of interest on November 30, 2019 Journal Entry Date Accounts Debit Credit 2019 Nov 30 c. Accrual of interest on December 31, 2019 Journal Entry Date Accounts Debit Credit 2019 c. Accrual of interest on December 31, 2019 Journal Entry Date Accounts Debit Credit 2019 Dec 31 d. Payment of interest on May 31, 2020 Journal Entry Date Accounts Debit Credit 2020 May 31 Requirement 2. Report interest payable and bonds payable as they would appear on the Canterbury Plus balance sheet at December 31, 2019 Liabilities Current liabilibes Longformlabs

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