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1 Part 1 of 4 Required information [The following information applies to the questions displayed below] Legacy issues $650.000 of 5.0%, four-year bonds dated January

1 Part 1 of 4 Required information [The following information applies to the questions displayed below] Legacy issues $650.000 of 5.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $584,361 when the market rate is 8% 012940 Required: 1. Prepare the January 1 journal entry to record the bonds issuance View transaction stimage text in transcribed

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