Question: Your answer is partially correct. Try again. CALCULATOR FULL SCREEN PRINTER VERSION BACK On January 1, 2020, Gunne Corporation issued $800,000, 8%, 10-year bonds at
Your answer is partially correct. Try again. CALCULATOR FULL SCREEN PRINTER VERSION BACK On January 1, 2020, Gunne Corporation issued $800,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. Gunne Corporation has a calendar year end. Prepare all entries related to the bond issue for 2020 and January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan 1, 2020 Cash Debit Credit - 800.000 Bonds Payable Dec. 31, 2020 interest Expense - 800,000 32 boo! Cash Jan. 1, 2021 Interest Expense 32,000 32,000 Interest Payable 32,000 SHOW LIST OF ACCOUNTS
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