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On may 1 2014 herron corp issued 386400 8 5-year bonds at

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On May 1, 2014, Herron Corp. issued $386,400, 8%, 5-year bonds at face value. The bonds were dated May 1, 2014, 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, 2015

Reference no: EM13584394

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