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The Bonita Company issued $230,000 of 12% bonds on January 1,2020. The bonds are due...

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Accounting

The Bonita Company issued $230,000 of 12% bonds on January 1,2020. The bonds are due January 1,2025, with interest payable each July 1 and January 1. The bonds were issued at 97.
Prepare the journal entries for (a) January 1,(b) July 1, and (c) December 31. Assume The Bonita Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Discount on Bonds Payable
Bonds Payable
L,2020
Interest Expense
Cash
Interest Expense
Interest Payable
Debit
Credit
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