on January 1, 2020, Harrington Corporation sold 108,000 of 15-year, 11% bonds. The bonds sold...
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on January 1, 2020, Harrington Corporation sold 108,000 of 15-year, 11% bonds. The bonds sold for $104,000 and pay interest semiannually on June 30 and December 31 Required: 1. Prepare the journal entry to record the sale of the bonds. 2020 Jan. 31 Record issuance of bonds at discount NE 2. Calculate the amount of the causemiannual interest payment. Round your answer to the nearest whole dollar, it required. 3. Prepare the entry June 30, 2020, to recognize the payment of interest and interest expense. Round your answers to the nearest whole dollar, required 2020 June 30 Record interest expense 4. Calculate the annual interest expense for 2020. Round your answer to the nearest whole dollar required Next
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