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On 1/1/16, Dillard sold 1,000, $1,000 face 4% bonds, interest paid semi-annually on 7/1 and...

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Accounting

On 1/1/16, Dillard sold 1,000, $1,000 face 4% bonds, interest paid semi-annually on 7/1 and 12/31 with a maturity term of 25 years. The selling price was $1,391,962. The effective interest method is appropriate

Prepare all appropriate journal entries

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