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2. A $39600015-year 11% bond is ussued on January 1 for cash. Prepare the journal entries required for the Jan 1 issue and the first

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2. A $39600015-year 11% bond is ussued on January 1 for cash. Prepare the journal entries required for the Jan 1 issue and the first interest payment on June 30 under these situations (SHOW ALL CALCULATIONS)

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