(Answered) On january 1 2013 ward corp issued 160000 of 10 year 7

Accounting

On January 1, 2013, Ward Corp. issued $160,000 of 10 year, 7 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, 2013.

Required:

Prepare all the general journal entries related to these bonds for 2013 and 2014.

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