Central Corporation has an opportunity to acquire a company that produces one of the parts it uses in its manufacturing process.After careful analysis,Central has decided to raise the necessary capital for the acquisition by issuing $3,000,000 of 7.5%,10-year bonds dated April 1,2017,with interest payments on October 1 and April 1.Assume the bonds are issued on June 1,2017 at face value plus accrued interest.Central's year end is December 31.
a_Prepare the entry to record the issuance of the bonds on June 1,2017.
b_Prepare the entry on October 1,2017,to record the interest payment.
c_Prepare the entry to record the accrued interest on December 31,2017.
d_Prepare the April 1,2018 entry to record the interest payment.

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The Answer of Central Corporation has an opportunity to acquire a company that produces one of the parts it uses in its manufacturing process.After careful analysis,Central has decided to raise the necessary capital for the acquisition by issuing $3,000,000 of 7.5%,10-year bonds dated April 1,2017,with interest payments on October 1 and April 1.Assume the bonds are issued on June 1,2017 at face value plus accrued interest.Central's year end is December 31.
a_Prepare the entry to record the issuance of the bonds on June 1,2017.
b_Prepare the entry on October 1,2017,to record the interest payment.
c_Prepare the entry to record the accrued interest on December 31,2017.
d_Prepare the April 1,2018 entry to record the interest payment.

Central Corporation Has an Opportunity to Acquire a Company That