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Journalize the issuance of the bond payable on January

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Reference no: EM133127559

Question - Piper Company issued an $800,000, 4%, 10-year bond payable at face value on January 1, 2018. Interest is paid semiannually on January 1 and July 1.

Required -

1. Journalize the issuance of the bond payable on January 1, 2018.

2. Journalize the payment of semiannual interest on July 1, 2018.

Reference no: EM133127559

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