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This question has 2 parts please do both of them Madrid Company plans to issue 8% bonds on January 1, 2017, with a par value

This question has 2 parts please do both of them image text in transcribed
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Madrid Company plans to issue 8% bonds on January 1, 2017, with a par value bonds at par on January 1, 2017. The remaining $400.0 30 and December 31. of $4,000,000. The company sells $3,600,000 of the 00 sells at par on July 1.2017. The bonds pay interest semiannually as of June 1. Record the entry for the first interest payment on June 30, 2017 Journal entry worksheet Record the entry for semiannual interest paid. Note: 2. Record the entry for the July 1 cash sale of bonds Clear entry 2. Record the entry for the July 1 cash sale of bonds. Journal entry worksheet Record the sale of bonds for cash on July 1, 2017. Note: Enter debits before credits. DebitCredit Date July 01

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