Cupola Fan Corporation issued 10%, $540,000, 10-year bonds for$516,000 on June 30, 2018. Debt...

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Cupola Fan Corporation issued 10%, $540,000, 10-year bonds for$516,000 on June 30, 2018. Debt issue costs were $2,900. Interestis paid semiannually on December 31 and June 30. One year from theissue date (July 1, 2019), the corporation exercised its callprivilege and retired the bonds for $520,000. The corporation usesthe straight-line method both to determine interest expense and toamortize debt issue costs. Required: 1. to 4. Prepare the journalentry to record the issuance of the bonds, the payment of interestand amortization of debt issue costs on December 31, 2018 &2019, and the call of the bonds. (If no entry is required for atransaction/event, select "No journal entry required" in the firstaccount field.)

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In: AccountingCupola Fan Corporation issued 10%, $540,000, 10-year bonds for$516,000 on June 30, 2018. Debt issue...Cupola Fan Corporation issued 10%, $540,000, 10-year bonds for$516,000 on June 30, 2018. Debt issue costs were $2,900. Interestis paid semiannually on December 31 and June 30. One year from theissue date (July 1, 2019), the corporation exercised its callprivilege and retired the bonds for $520,000. The corporation usesthe straight-line method both to determine interest expense and toamortize debt issue costs. Required: 1. to 4. Prepare the journalentry to record the issuance of the bonds, the payment of interestand amortization of debt issue costs on December 31, 2018 &2019, and the call of the bonds. (If no entry is required for atransaction/event, select "No journal entry required" in the firstaccount field.)