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A company issued 5 year 8% bonds with a face value of $10,000,000 and annual interest payments. ne company received $9,500,000 in cash fro is;

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A company issued 5 year 8% bonds with a face value of $10,000,000 and annual interest payments. ne company received $9,500,000 in cash fro is; m investors. The journal entry to record the uissuance of the bond a. Cash 9,500,000 c. Cash 9,500,000 Discount 500,000 Bonds Payable 9,500,000 Bonds payable 10,000,000 9,500,000 b. Cash 10,000,000 500,000 d. Cash Discount Bonds payable 9,500,000 Bonds payable 10,500,000

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