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P4. Coyote Company issued 10,000 shares of 5-year, 5%,$1,000 par value bonds (i.e.,...

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Accounting

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P4. Coyote Company issued 10,000 shares of 5-year, 5%,$1,000 par value bonds (i.e., par value / share =$1,000 ) for 90% of par value on 1/1/2021. The interest should be paid on 12/31 of each year. Instructions: Prepare any necessary journal entries for the bond on 1) 1/1/2021, 2) 12/31/2021, 3) 12/31/2025, the maturity date of the bond

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