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The Carla Company issued $330,000 of 7% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1

The Carla Company issued $330,000 of 7% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 96.

Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Carla Company records straight-line amortization semiannually.image text in transcribed

Account Titles and Explanation Debit INlo. Credit (a) January 1, 2017

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