Prepare journal entries to record the transaction

Reference no: EM13160213

Prepare journal entries to record the following transaction:

On June 1,2009 Kirby Inc. issued $600,000 6% bonds for $587,640 which includes accrued interest. interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2019.

Reference no: EM13160213

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