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Wamer Metal Insurance Company issued a $50,000.11%, 10-year bond payable at 110 on January 1, 2024. Interest is paid semiannually on January 1 and July
Wamer Metal Insurance Company issued a $50,000.11%, 10-year bond payable at 110 on January 1, 2024. Interest is paid semiannually on January 1 and July 1. Requirements 1. Joumice the issuance of the bond payable on January 1.2024 2. Journalize the payment of semiannual interest and amortization of the bond Ciscount or promium on July 1, 2024 Date Accounts and Explanation Debit Credit 2024 Cash 55.000 bonds payable 50.000 Promon bonds payable 5.000 Issued bonds at a premium Requirement 2. Journaline the payment of somanul interest and amortization of the bond discount or premium on July 1, 2024. Asume bonds payable are amortired using the str Record bisfest. The credits Seled explanations on the last line of the journal entry. Check your speling carefully and do not abbreviate Round your answers to the nearest wie Date Accounts and Explanation Debit Credit Choose from any list of enter any number in the input fields and then
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