Question: Please answer the following question correctly. Thanks! Wolfpack Inc., a calendar year-end company, issued bonds on 1/1/X1. It uses the effective interest method to amortize

Please answer the following question correctly. Thanks!

Please answer the following question correctly. Thanks! Wolfpack Inc., a calendar year-end

Wolfpack Inc., a calendar year-end company, issued bonds on 1/1/X1. It uses the effective interest method to amortize bond discounts and premiums. The following facts are known about these bonds: Required: Using the above information, prepare the journal entries to record: (1) the issuance of the bonds, (2) the accrual of interest on 12/31/X1 and (3) the payment of interest on 1/1/X2

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