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Make the journal entry to record the payment of interest

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On October 1, 2021, Culver Corp. issued $936,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31.

Question 1: Prepare the journal entry to record the payment of interest on October 1, 2022.

Reference no: EM132543647

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