(Solved):Q: The Colson Compa…

Question:

Question

The Colson Company issued 300,000 of 10 % bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Colson’s journal entries for (a) the January issuance, (b) the July 1 interest payment, and

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