Question: Please help! Thank you! Issuing Bonds at a Face Amount On January 1, the first day or the fiscal year, Designer Fabric Inc. issues a

Please help! Thank you! Please help! Thank you! Issuing Bonds at a Face Amount On

Issuing Bonds at a Face Amount On January 1, the first day or the fiscal year, Designer Fabric Inc. issues a SS00,000, 8%, 10-year bond that pays semiannual interest of cash of $500,000. S20,000 (SS00,000 %a year), receiving (a) Journalize the entry to record the issuance of the bonds (b) Journalize the entry to record the first interest payment on June 30 (c) Journalize the entry to record the payment of the principal on the maturity date

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