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QUESTION

Vieques Corporation sells scenic sightseeing trips to rural towns in Puerto Rico. Over the last several years, the company has become interested in...

  • Make the appropriate journal entries for each of the following events:
  • 2018
  • January 1 - Bond issuance
  • July 1 - Interest payment
  • December 31 - Record any accrued interest on the bonds
  • 2020
  • December 31 - Bond redemption at maturity
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