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If you can help, please do On January 1 , the first day of...

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Accounting

imageIf you can help, please do
On January 1 , the first day of the fiscal year, a company issues an $2,750,000,8%, five-year bond that pays semiannual interest of $110,000($2,750,000 8%% ), receiving cash of $2,938,110. Required: Joumalize the first interest payment and the amortization of the related bond premium. Refor to the chart of accounts for the exact wording of the account tities. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered

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