Question: 23 Assume the same information as in Problem 1 and assume the bond sold at 96. However, lets change the interest rate to 12% semiannually.

23 Assume the same information as in Problem 1 and assume the bond sold at 96. However, let’s change the interest rate to 12% semiannually.

(a) Prepare journal entries for 19A.

(b) Show a partial balance sheet on June 30, 19A.

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