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Prepare journal entries to record second interest payment

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Problem - Recording Bond Issue and Interest Payments Synergy Corporation is authorized to issue $1,200,000 of 8% bonds. Interest on the bonds is payable semiannually; the bonds are dated January 1, 2019, and are due December 31, 2023.

Required - Prepare the journal entries to record the following:

a. January 1, 2019 Sold the bonds at par

b. June 30, 2019 First interest payment

c. December 31, 2019 Second interest payment

Reference no: EM132888786

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