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Prepare journal entries for the activities

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Reference no: EM133162139

Question - Bonds Issued at a Premium - Bunkichi Corporation issued the following bonds at a premium:

Date of issue and sale: March 1, 20-1

Principal amount: $780,000

Sale price of bonds: 101

Denomination of bonds: $1,000

Life of bonds: 10 years

Stated rate: 8%, payable semiannually on August 31 and February 28

Required - Prepare journal entries for the activities listed below. If required, round your answers to two decimal places.

Reference no: EM133162139

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