Question: January 1 , 2 0 2 4 , Nurses Credit Union ( NCU ) issued 7 % , 2 0 - year bonds payable with
January Nurses Credit Union NCU issued year bonds payable with face value of $ These bonds pay interest on June and December The issue price of the bonds is Journalize the following bond transactions:
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Assume bonds payable are amortized using the straightline amortization method. Record debits first, then credits. Select explanations on the last line of the journal ntry Round your answers to the nearest whole dollar.
Paid semiannual interest and amortized premium.
d Joumalize the retirement of the bond at maturity on December assuming the last interest payment has already been recorded.
tableDate Accounts and Explanation,Dec
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