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Devers Corporation issued $608,400 of 4% bonds on May 1, 2013. The bonds were dated January 1, 2013, and mature January 1, 2015, with interest...

Devers Corporation issued $608,400 of 4% bonds on May 1, 2013. The bonds were dated January 1, 2013, and mature January 1, 2015, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Devers’s journal entries for (a) the May 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry

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