Question: Herrera Corporation issued a $ 4 7 5 , 0 0 0 , 6 . 5 % , 8 - year bond payable on January

Herrera Corporation issued a $

475, 000, 6.5 %, 8 -

year bond payable on January

1, 2024 .

Journalize the payment of the bond payable at maturity.

(

Give the date.

) (

Assume that the final payment of interest has already been made and recorded. Record debits first, then credits. Select explanations on the last line of the joumal entry.

)

Herrera Corporation issued a $475,000,6.5%,8-year bond payable on January 1,2024. Journalize

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