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7) A company issues 8%, two year bonds on Dec 31, 2018, with a par...

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7) A company issues 8%, two year bonds on Dec 31, 2018, with a par value of $8,000 and semiannual interest payments. a) Record the journal entry below to record the issuance of bonds on Dec. 31. Date Description Debit Credit b) Record below the journal entry to record the first of the 4 bond interest payments On June 20. Date Description Debit Credit

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