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3. On January 1, 2014, Hannigan Company issued bonds with a face value of $800,000. The bonds carry a. Prepare the journal entry for the

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3. On January 1, 2014, Hannigan Company issued bonds with a face value of $800,000. The bonds carry a. Prepare the journal entry for the issuance assuming the bonds are issued at 97. b. Prepare the journal entry for the issuance assuming the bonds are issued at 102. a stated interest of 7% payable each January 1. Date Description Debit Credit

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