On January 1 2011 Allied Robotics issued 500 000 4 five year
On January 1, 2011, Allied Robotics issued $500,000, 4%, five-year bonds at par. Interest is payable on January 1. Use the accounting equation to record the following:
1. The bond issue
2. The accrual of interest on December 31, 2011
3. The payment of interest on January 1, 2012

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