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Paid the annual payment on the note, including interest of $1,476 of interest. The remainder...

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Accounting

Paid the annual payment on the note, including interest of $1,476 of interest. The remainder of the payment reduced the principal balance on the note. If an amount box does not require an entry, leave it blank. 20Y5 Dec. 31 Interest Expense Notes Payable Cash Feedback 000
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does not require an entry, leave it blank. On January 1, the first day of the fiscal year, Designer Fabric inc. issues a $650,000,5%,10-year bond that pays semiannual interest of $16,250 ( $650,0005%4 year), recelving cash of $650,000. a. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it biank. b. Joumalize the entry to record the first interest payment on June 30 . If an amount box does not require an entry, leave it blank. c. Journalize the entry to record the payment of the principal on the maturity date, If an amount box does not require an entry, leave it blank

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