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A company issued 6%, 10-year bonds with a par value of $ 80,000, that pay interest semiannually. The market rate was 5% and the bonds

A company issued 6%, 10-year bonds with a par value of $ 80,000, that pay interest semiannually. The market rate was 5% and the bonds were sold for $ 84,000. What journal entry is required for the sale of these bonds? Cash $80,000 Bonds Payable $80,000 Bonds Payable Bond Premium $80,000 $4,000 Cash $84,000 Cash Bond Discount Bonds Payable $80,000 $4,000 $ 84,000 Cash $ 84,000 Bonds Payable $ 84,000 Cash $84,000 Bond Premium Bond Payable $4,000 $80,000

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