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18) A company sells bonds with a coupon (stated) rate of 6% and a par value of $750,000 for $700,000 cash on March 31, 2013.

18) A company sells bonds with a coupon (stated) rate of 6% and a par value of $750,000 for $700,000 cash on March 31, 2013. What is the journal entry that needs to be made to recognize the bond sale on March 31, 20132

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