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Prepare all necessary entries

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Question: Company authorized $1,500,000 of mortgage bonds effective april 1, 2023. The bonds paid interest is eight percent and had an expected tern of six years. Interest is due on September 30th and March 31st. On July 1, 2024 issued 1,000 of the bonds and received a cash payment in the total amount of $906,000. Please prepare all necessary entries.

Reference no: EM133659663

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