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On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require...

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Accounting

On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What is the correct entry for recording the June 30 interest payment on the bonds?

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