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3. A company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087 in

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3. A company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087 in cash proceeds. (1) Using the straight-line method, prepare the issuer's general journal entries to record the issuance of the bonds and the third semiannual interest payment and the amortization of any bond discount or premium.

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