Question: A company issues 7%, 10-year bonds with a face amount of $60,000 on January 1, 2021. The market interest rate for bonds of similar risk

A company issues 7%, 10-year bonds with a face amount of $60,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is also 7%. Interest is paid semiannually on June 30 and December 31. select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the first interest payment on June 30, 2021. ote: Enter debits before credits. Debit General Journal Credit Date June 30, 2021 View general journ Clear ent Record entry

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