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Business, 18.03.2021 02:50 kaelycaetano66

On the first day of the fiscal year, a company issues a $970,000, 9%, 5-year bond that pays semiannual interest of $43,650 ($970,000 x 9% × 1/2), receiving cash of $884,171. Journalize the entry for the issuance of the bonds.

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On the first day of the fiscal year, a company issues a $970,000, 9%, 5-year bond that pays semiannu...
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