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QUESTION
On January 1, 20xx, Alpha Corporation issued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1...
On January 1, 20xx, Alpha Corporation issued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries:a) Issued the bonds.b) Paid semiannual interest paymentsc) Retirement of bonds, assuming interest expense is up-to-date.
