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Sehr company issued $500,000, 6%, 30-year bonds on january 1, 2022, at 103. interest

Sehr company issued $500,000, 6%, 30-year bonds on january 1, 2022, at 103. interest is payable annually on january 1. sehr uses straight-line amortization for bond premium or discount.
required :
prepare the journal entries to record the following events.
(a) the issuance of the bonds.
(b) the accrual of interest and the premium amortization on december 31, 2022.
(c) the payment of interest on january 1, 2023.
(d) the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
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zafyafimli
zafyafimli
5,0(18 marks)

Please see attachment

Explanation:

Please see attachment


Sehr company issued $500,000, 6%, 30-year bonds on january 1, 2022, at 103. interest is payable annu
hi105
hi105
4,5(37 marks)
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