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This is all question 1. So no half answers please, thank you. A company issues 20,000,000, 7.8%, 20-year bonds to yield 8% on January 1,
This is all question 1. So no half answers please, thank you.
A company issues 20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2022. Interest is paid on June 30 and January 1 The proceeds from the bonds are 19,604,145. Required: (Don not approximate the number and do not use a comma) 1- Prepare the journal entry to record the issuance of a bond on January 1, 2022. Debit Credit . 2- Prepare the journal entry to record the interest payment on June 30, 2022 Debit Credit e e 3- Prepare the Journal entry to record the accrual of interest on December 31, 2022 Credit Debit Step by Step Solution
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