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On may 1 2010 newby corp issued 634100 5 5-year bonds at

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On May 1, 2010, Newby Corp. issued $634,100, 5%, 5-year bonds at face value. The bonds were dated May 1, 2010, and pay interest semiannually on May 1 and November 1. Financial statements are prepared annually on December 31.

Prepare the journal entry to record payment of interest on November 1, 2011.

Reference no: EM13598186

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