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Prepare necessary journal entries to record issue of bond

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Reference no: EM132996224

Question - On January 1, 2021, One Corporation issued $88,000, 5-year bonds, with coupon rate of 7%, paid semi-annually. Prepare the necessary journal entries to record the issue of the bond at face value and the payment of the first coupon on June 30, 2021.

Reference no: EM132996224

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