Question: CMQ #9 Saved Help Save & Exit Submit 3 A company issues 9%, 11-year bonds with a face amount of $70,000 on January 1, 2021.

CMQ #9 Saved Help Save & Exit Submit 3 A company

CMQ #9 Saved Help Save & Exit Submit 3 A company issues 9%, 11-year bonds with a face amount of $70,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is also 9%. Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 8 01:17:07 View transaction list Journal entry worksheet 2 > Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01 2021 Record entry Clear entry View general Journal

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