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The Square Foot Grill, Incorporated issued $290,000 of 10-year, 6 percent bonds on July 1, Year 1, at 102. Interest is payable in cash

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The Square Foot Grill, Incorporated issued $290,000 of 10-year, 6 percent bonds on July 1, Year 1, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization. Required a. Prepare the journal entries to record issuing the bonds and any necessary journal entries for Year 1 and Year 2. Post the journal entries to T-accounts. Prepare any necessary closing entries for Year 1. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Prepare the journal entries to record issuing the bonds and any necessary journal entries for Year 1 and Year 2. Prepare any necessary closing entries for Year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View journal entry worksheet View transaction list No Date 1 July 1, Year 1 Cash Bonds payable General Journal Reg Af Req A2 > Debit Credit 290,000

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