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List all journal entries made in related to the bond issue

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Question - Baby Company Inc. issued $600,000, 6%, 20-year bonds on January 1, 2021, at 102. Interest is payable semi-annually on July 1 and January 1. Baby Company has a December 31 year end. Assume amortization of $250 and $260, respectively for the first two semi-annual interest periods.

Required - List all journal entries made in 2021 related to the bond issue.

Reference no: EM132615315

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