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The following information applies to the questions displayed below.] Schlitterbahn Waterslide Company...

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Accounting

The following information applies to the questions displayed below.]

Schlitterbahn Waterslide Company issued 35,000, 10-year, 8 percent, $100 bonds on January 1 at face value. Interest is payable each December 31.

  1. (a) The issuance of these bonds on January 1.

  2. (b) The first interest payment on December 31.

  1. Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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