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Business, 29.04.2021 18:20 wqijviquyuivqwy9672

Company issued a $50,000​, 7.0​%, 7​-year bond payable. Journalize the following transactions for Vernon ​Company, and include an explanation for each​ entry: a. Issuance of the bond payable at face value on January​ 1, 2024. b. Payment of semiannual cash interest on July​ 1, 2024. c. Payment of the bond payable at​ maturity, assuming the last interest payment had already been recorded.​ (Give the​ date.)

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Company issued a $50,000​, 7.0​%, 7​-year bond payable. Journalize the following transactions for Ve...
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