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TheTamariskCompany issued $370,000of11% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The
TheTamariskCompany issued $370,000of11% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds are issued at face value.
PrepareTamarisk's journal entries for (a) the January issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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