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The Boring Company builds tunnels. It issues $200,000 bond on July 1, 2010. Company makes coupon payments on December 31 of every year until bond

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The Boring Company builds tunnels. It issues $200,000 bond on July 1, 2010. Company makes coupon payments on December 31 of every year until bond matures on December 31, 2020. Stated interest rate is 7%. This bond is issued at par (so there is no premium or discount to worry about). Company prepares financial statements annually. You can use following account names for journal entries: Bond Payable Cash Interest Expense Make sure you spell account names correct. Do not use $ signs and commas for numbers. a) Show a journal entry company has to record with regards to this bond on December 31, 2010. Dr. Cr. b) Show a journal entry company has to record with regards to this bond on December 31, 2011. Dr. Cr. c) Show a journal entry company has to record with regards to this bond on December 31, 2020. Dr. Dr. Cr

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