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BE15-4 Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest pay- able each January 1. (a) Prepare the journal entry to record

BE15-4 Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest pay- able each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2017 (b) Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2017

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