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3 out of 3 points On January 1, Porter Corporation issued $500,000, 6%, 5-year bonds at 100. Interest is payable semiannually on July 1

3 out of 3 points On January 1, Porter Corporation issued $500,000, 6%, 5-year bonds at 100. Interest is payable semiannually on July 1 and January 1. The company prepares financial statements on June 30 and December 31 only. The journal entry on January 1 when the bonds are issued will include a:

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