Grocery Corporation received $330,361 for 11.00 percent bonds issued on January 1,2021, at a market...
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Grocery Corporation received $ for percent bonds issued on January at a market interest rate of percent. The bonds had a total face value of $ stated that interest would be paid each December and stated that they mature in years. Assume Grocery Corporation uses the effectiveinterest method to amortize the bond premium. Required: & Prepare the required journal entries to record the bond issuance and the first interest payment on December If no entry is required for a transactionevent select No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar. Journal entry worksheet Record the issuance of bonds with a face value of $ for $ Note: Enter debits before credits. 
Grocery Corporation received $ for percent bonds issued on January at a market interest rate of
percent. The bonds had a total face value of $ stated that interest would be paid each December and stated that they
mature in years. Assume Grocery Corporation uses the effectiveinterest method to amortize the bond premium.
Required:
& Prepare the required journal entries to record the bond issuance and the first interest payment on December If no entry
is required for a transactionevent select No Journal Entry Required" in the first account field. Round your answers to
the nearest whole dollar.
Journal entry worksheet
Record the issuance of bonds with a face value of $ for $
Note: Enter debits before credits.
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