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Ron Kalets Name Chapter 10 Class Activity August 2017. Gonzaga Corporation issued $600,000, 7%, year bonds at face value. Interest is payable annually on August 1 Gonzaga's year-end is December 31 1. On Instructions Prepare journal entries to record the following events (a) The issuance of the bonds (b) The accrual of interest on December 31, 2017. 6 (c) The payment of interest on August 1, 2018. 00, ooo