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The Whispering Company issued $360,000 of 11% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1

The Whispering Company issued $360,000 of 11% 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 104.

Prepare the journal entries for 

(a) January 1, (b) July 1, and (c) December 31. Assume The Whispering Company records straight-line amortization semiannually.

No. Date Account Titles and Explanation Debit Credit (a) January 1, 2017 (b) July 1, 2017 (c) December 31, 2017
 

No. Date (a) January 1, 2017 (b) July 1, 2017 (c) December 31, 2017 Account Titles and Explanation Debit Credit

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