=+On the first day of the fiscal year, a company issues a $750,000, 7%, five-year bond that
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=+On the first day of the fiscal year, a company issues a $750,000, 7%, five-year bond that pays semiannual interest of $26,250 ($750,000 7% 1
⁄2 ), receiving cash of $663,128.
Journalize the bond issuance.
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