Melinda Company issued \$548,000 par value, 10yoar, 6\% bonds on Febinary 1, 2022. The bonds...
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Melinda Company issued \$548,000 par value, 10yoar, 6\% bonds on Febinary 1, 2022. The bonds are dated Jaguary 1, 2022, and pay interest quarterly ouch Mareh 31 , June 30. September 30 , and December 31 . The bonds are sold at par plus accrued interest because tha bonds are sold between incorost dales. Requirement Prepare the journal entries required to issue the bonds on Februay 1,2022, and record the first intelest payment on March 31
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