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Crockett Corporation issued $200,000 of its 10 percent bonds payable on April 1, 2030. The bonds were issued at face value. Interest is payable semi-annually, on October 1 and April 1. Give the journal entries to issue the bonds and pay each of the first two interest payments to bondholders.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9434169

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