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Bryan Company issued $500,000 of 1095 face value bonds on January 1,2016 for $486,000, The...

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Accounting

Bryan Company issued $500,000 of 1095 face value bonds on January 1,2016 for $486,000, The bonds afe due on December 31,2018 and pay semiannual interest on June 30 and December 31. Bryan Company uses straight line amartization.
Prepare the joumal entry for when the bonds are initially issued, and the journal entries for the first two interest paymants.
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