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The board of directors of Images Plus authorized the issue of $ 6 , 0 0 0 , 0 0 0 of 7 % ,
The board of directors of Images Plus authorized the issue of $ of year bonds payable. The semiannual interest dates are May and November The bonds are issued on
May at par.
Read the requirements.
Requirement Journalize the transactions a through dRecord debits first, then credits. Exclude explanations from journal entries.
a Issuance of half of the bonds on May
Requirements
Journalize the following transactions:
a Issuance of half of the bonds on May
b Payment of interest on November
c Accrual of interest on December
d Payment of interest on May
Report interest payable and bonds payable as they would appear on
the company's balance sheet at December
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