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On January 01,2023,xYZ, Inc. issued 9%,5-year bonds with a face amount of $900000 at par....

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Accounting

On January 01,2023,xYZ, Inc. issued 9%,5-year bonds with a face amount of $900000 at par. Interest is payable annualy on January 1.
Prepare the entries to record the issuance of the bonds, the first annual interest accrual on Dec 31, and the first payment on Jan 1.
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