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(A) Prepare the journal entry to record the issuance of the bonds. On May 1, 2019, Sheridan Company issued $555,000, 11%, 5-year bonds at face

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(A) Prepare the journal entry to record the issuance of the bonds.

On May 1, 2019, Sheridan Company issued $555,000, 11%, 5-year bonds at face value. The bonds were dated May 1, 2019, and pay interest annually on May 1. Financial statements are prepared annually on December 31

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