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Outlandish Company issued a $130,000, 7%, 10-year bond payable at 93 on January 1, 2024....

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Accounting

Outlandish Company issued a $130,000, 7%, 10-year bond payable at 93 on January 1, 2024. Interest is paid semiannually on January 1 and July 1. Read the requirements Requirement 1. Journalize the issuance of the bond payable on January 1, 2024. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Accounts and Explanation Date 2024 Jan. 1 Debit Credit Correct:
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Outlandish Company issued a $130,000,7%,10-year bond payable at 93 on January 1,2024 . Interest is paid semiannually on January 1 and July 1 . Read the Requirement 1. Journalize the issuance of the bond payable on January 1, 2024. (Flecord debits first, then credits Select explanations on the last line of the journal entry) Requirements 1. Journalize the issuance of the bond payable on January 1,2024 . 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1,2024

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