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On January 1,2022, Sunland Company issued $420,000,12%,10-year bonds at face value. Interest is...

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Question

Accounting

On January 1,2022, Sunland Company issued $420,000,12%,10-year bonds at face value. Interest is payable annually on January 1.
(a)
(b)
(c).
Prepare the journal entry to record the payment of interest on January 1,2023.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
Jan. 1,
2023
image

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