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View Policies Current Attempt in Progress Sandhill Co. issued $490,000 of 7%, 20-year bonds on January 1, 2017 at face value. Interest is payable annually

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View Policies Current Attempt in Progress Sandhill Co. issued $490,000 of 7%, 20-year bonds on January 1, 2017 at face value. Interest is payable annually on January 1. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Account Titles and Explanation Debit Date Jan. 1. 2017 Credit e Textbook and Media Prepare the journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 e Textbook and Media List of Accounts Prepare the journal entry to record the payment of interest on January 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date Jan. 1 2018 e Textbook and Media List of Accounts Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date Jan 1. 2037 e Textbook and Media List of Accounts

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