Question: need help Brief Exercise 14-3 interest payable each July 1 and January 1The bonds were issued at 99. Prepare the journal entries for (a) January


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Brief Exercise 14-3 interest payable each July 1 and January 1The bonds were issued at 99. Prepare the journal entries for (a) January 1, (b) July 1, and (o) December 31. Assume The Sunland Company records The Sunland Company issued $220,000 of 89% bonds on January 1, 2017. The bonds are due January 1, 2022, with straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to o decimal places, e.g. 38,548.)
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