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Prepare journal entries to record the transactions

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Question - Prepare journal entries to record the following transactions related to long-term bonds of Kingbird Co.

On April 1, 2019, Kingbird issued $2,360,000, 9% bonds for $2,538,729 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2029. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132671854

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