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On July 1, 2011, Frodo Corporation issued $600,000, 6%, 10-year bonds at face value

Accounting

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On July 1, 2011, Frodo Corporation issued $600,000, 6%, 10-year bonds at face value. Interest is payable semiannually on January 1 and July 1. Frodo Corporation has a calendar year end.

Instructions

Prepare all entries related to the bond issue for 2011.