Question: Pluto Corporation issued 8%, 20-year bonds payable with a maturity value of $500,000 on March 31. The bonds were issued at par and pay interest

Pluto Corporation issued 8%, 20-year bonds payable with a maturity value of $500,000 on March 31. The bonds were issued at par and pay interest on March 31 and September 30. Record

(a) Issuance of the bonds on March 31,

(b) Payment of interest on September 30,

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