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Waterway Co. sells $514,000 of 8% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of

Waterway Co. sells $514,000 of 8% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021.

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