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(The following information applies to the questions displayed below.] Dunphy Company issued $32.000 of 7.0%, 10-year bonds at par value on January 1 Interest

(The following information applies to the questions displayed below.] Dunphy Company issued $32.000 of 7.0%, 10-year bonds at par value on January 1 Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30

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