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Warner Mutual Insurance Company issued a $45,000,12%,10-year bond payable at 110 on January 1,2024 . Interest is paid semiannually on January 1 and July 1

image text in transcribed Warner Mutual Insurance Company issued a $45,000,12%,10-year bond payable at 110 on January 1,2024 . Interest is paid semiannually on January 1 and July 1 . Requirements 1. Journalize the issuance of the bond payable on January 1, 2024. 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2024

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