Jones Corporation issued $400,000 of its 8%, 10-year bonds, dated January 1, 2021, at face value plus

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Jones Corporation issued $400,000 of its 8%, 10-year bonds, dated January 1, 2021, at face value plus accrued interest on May 1, 2021. Interest is paid on January 1 and July 1. Jones uses the most common method to record the sale of the bonds between interest payment periods. Record the entry to record the payment of interest on July 1, 2021,