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Record the first interest payment and amortization for ccc

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On Jan. 1, 20X5, CCC Corporation issued 10-year, 5% bonds with a face value of $50,000 at 103. On the same date, Thurmond Corporation issued 10-year, 5% bonds with a face value of $50,000 at 97. Both bond issues pay interest semiannually on Jan. 1 and Jun. 30.

Problem 1: Record the following transaction in general journal form:

a. The issuance of CCC's bonds.

b. The issuance of Thurmond's bonds.

c. The first interest payment and amortization for CCC.

d. The first interest payment and amortization for Thurmond.

Reference no: EM132887487

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