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2.) Assume instead, on January 1, 2020 the bonds were issued at 98.7115 when the market rate was 12%. Prepare the journal entry for issuance.

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2.) Assume instead, on January 1, 2020 the bonds were issued at 98.7115 when the market rate was 12%. Prepare the journal entry for issuance. Date Accounts Debit Credit How much interest will the bondholders receive as their cash interest payment on June 30, 2020? Show your work. GA

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