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  3. skysong, inc.issued 3,800 7%, 5-year, $1,000 bonds

Skysong, Inc.issued 3,800 7%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest...

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Accounting

Skysong, Inc.issued 3,800 7%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.

(a)

Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 1

enter an account title for the journal entry on January 1

enter a debit amount

enter a credit amount

enter an account title for the journal entry on January 1

enter a debit amount

enter a credit amount

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