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03-06-2023
Business

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Downing Company issues $1,000,000,10%,10-year bonds dated January 1, 2020 on February 1,2020 for 110 . The bonds pay interest semiannually on June 30 and December 31 . a) Prepare the journal entry to record the sale of the bond b) Using the straight line method, prepare the journal entry to record the interest payment on June 30

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