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The Culver Company issued $410,000 of 12% bonds on January 1, 2020. The bonds we douary 1.2025 with interest payable each July 1 and January

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The Culver Company issued $410,000 of 12% bonds on January 1, 2020. The bonds we douary 1.2025 with interest payable each July 1 and January 1. The bonds are issued a face value Prepare Culver's journal entries for (a) the January issuance, the lyf interest payment and the December 31 justing entry if no entry is required, select "No Entry for the account titles and enter for the amounts Credit accountless automatically indented when amount is entered. Do not indent meally) No. Date Account Tities and Explanation Debit Credit tal In 2020 July 1, 2020 id Dec 31, 2020

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