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Prepare journal entries to record the following transactions related to long-term bonds of XYZ Co (a) On April

1, 2006, XYZ issued $600,000, 9% bonds for $645,442 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2018. (b)On July 1, 2010 XYZ retired $180,000 of the bonds at 102 plus accrued interest. XYZ uses straight-line amortization

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