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Business, 16.12.2020 02:00 Dallas3506

On the first day of the fiscal year, a company issues a $910,000, 9%, 5-year bond that pays semiannual interest of $40,950 ($910,000 x 9% × 1/2), receiving cash of $884,172. Journalize the entry to record the issuance of the bonds.

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On the first day of the fiscal year, a company issues a $910,000, 9%, 5-year bond that pays semiannu...
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