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1) On January 1, 2020, KGM Inc. sell at $230,000, three-year, 15% bonds at 70 (70% of face value) with interest payable on December 21st.

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1) On January 1, 2020, KGM Inc. sell at $230,000, three-year, 15% bonds at 70 (70% of face value) with interest payable on December 21st. What is the entry to record the issuance? 2) Selling Bonds at a Premium, the KMG Inc. bonds known to sell at 300 rather than at 70. What is the entry to record the sale? Make the journal entries for those 2 transactions

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