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Required information Use the following information for the Problems below. (Algo) Skip to question [The...

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Accounting

Required information Use the following information for the Problems below. (Algo) Skip to question [The following information applies to the questions displayed below.] Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. Problem 14-2A (Algo) Straight-Line: Amortization of bond premium LO P3 The bonds are issued at a price of $1,346,395. Required: 1. Prepare the January 1 journal entry to record the bonds issuance.

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