Gooden Company plans to issue 8% bonds on January 1, 2005, with a par value of $2,000,000.
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Gooden Company plans to issue 8% bonds on January 1, 2005, with a par value of $2,000,000. The company sells $1,800,000 of the bonds on January 1, 2005. The remaining $200,000 sells at par on March 1, 2005. The bonds pay interest semiannually as of June 30 and December 31. Record the enPI try for the March 1 cash sale of bonds.
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