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A corporation issued 7%, 10-year bonds with a par value of $2,000,0000. The bonds pay semiannual interest. The market interest rate is 9% and the
A corporation issued 7%, 10-year bonds with a par value of $2,000,0000. The bonds pay semiannual interest. The market interest rate is 9% and the bond selling price was $1,864,097. The entry to record the issuance of the bond should be
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