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Question #3 Kareem Corporation has a 20-year, $800,000, 8%, bond issue dated on March 1, 2020. The bonds pays interest March 1 and September 1

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Question #3 Kareem Corporation has a 20-year, $800,000, 8%, "bond issue" dated on March 1, 2020. The bonds pays interest March 1 and September 1 of each year. The "bond issue" was sold on April 1, 2020 at 105 plus accrued interest. Required: Prepare the journal entries for the following: 1) The issuance of the bonds on April 1. 2) The 1st interest payment on September 1" and the amortization of the premium. 3) The adjusting entry on becember 31" and the amortization of the premium. 4) The 2nd interest payment on March 1st and the amortization of the premium. 5) The final payment of the bond at the maturity date

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