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Legacy issues $630,000 of 9.0%, four-year bonds dated January 1, 2019, that pay interest semiannually...

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Accounting

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Legacy issues $630,000 of 9.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31, They are issued at $571,310 when the market rate is 12%. Required: 1. Prepare the January 1journal entry to record the bonds issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds life. 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the January 1 entry to record the bonds Issuance. View transaction lit Journal entry worksheet > Record the issue of bonds with a par value of $630,000 on January 1 at an Issue price of $571,310 Note: Enter debits before credits na animal nak

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