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all 2020 Question 9 of 22 Current Attempt in Progress -15 On January 1, 2022, Pharoah Company issued bonds with a face value of $740,000.

all 2020 Question 9 of 22 Current Attempt in Progress -15 On January 1, 2022, Pharoah Company issued bonds with a face value of $740,000. The bonds carry a stated interest of 8% payable each January 1. (a) Prepare the journal entry for the issuance assuming the bonds are issued at 98. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Cash Premium on Bonds Payable Bonds Payable Debit Credit List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer wwwimage text in transcribed

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