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The Bradford Company issued 6 % bonds, dated January 1 , with a face amount of $ 5 0 million on January 1 , 2

The Bradford Company issued 6% bonds, dated January 1, with a face amount of $50 million on January 1,2021 to Saxton-Bose Corporation. The bonds mature on December 31,2030(5 years). For bonds of similar risk and maturity, the market yield is 8%. Interest is paid semiannually on June 30 and December 31.(FV of $1. PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on January 1,2021, interest revenue on June 30,2021 and interest revenue on December 31,2021(at the effective rate).(Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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