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On January 1, 2021, Duck Work Corporation Issued $ 900,000

Question 7

Essay

On January 1, 2021, Duck Work Corporation issued $ 900,000, 8%, 10-year bonds at face value. Interest is payable semi-annually on July 1 and January 1. Duck Work Corporation has a calendar year end.
Instructions
Prepare all entries related to the bond issue for 2021.

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