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5-5 Ally Corp. issued a $20,000,000 8% 25 year bond for par on January 1, 2015. Prepare the journal entry required on January 1, 2015

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5-5 Ally Corp. issued a $20,000,000 8% 25 year bond for par on January 1, 2015. Prepare the journal entry required on January 1, 2015

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