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  3. on january 1, 2021, a company issues $900,000 of 8

On January 1, 2021, a company issues $900,000 of 8% bonds, clue In ton years,...

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Accounting

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On January 1, 2021, a company issues $900,000 of 8% bonds, clue In ton years, with Interest payable semiannually on June 30 and December 31 each year . Assuming the market interest rate on the issue date is 8%. the bonds will issue at $900,000 Record the bond issue on January 1, 2021 and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet 1 2 Record the bond issue on January 1, 2021 Noter inte debits before credit General Journal Debit Credit Date January 01, 2024 Record entry Clear entry View general Journal

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