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Claire Corporation is planning to issue bonds with a face value of $150,000 end a...

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Accounting

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Claire Corporation is planning to issue bonds with a face value of $150,000 end a coupon rate of 6 percent The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the offective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8 percent. FV of $1, PV of $1, FVA of $1, and PVA of $1 (Use the appropriate factors) from the tables provided) velue: 10.00 points Required information Required: 1. Provide the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) View transaction list Journal entry worksheet Record the issuance of the bonds on January 1 Note: Enter debits before credits. Dato Goneral Journal Dobit Credit January 01 Record entry Clear entry View general journal

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