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Prepare the journal entry at september

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On March 31, 2020, ABC Corporation received authorization to issue Rs. 50,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2020 and issued at face value.

problem 1: Prepare the journal entry at September 30, 2011, to record the semiannual bond interest payment.

Reference no: EM132792547

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