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Bienias Corporation issues $100,000 of 5% (paid annually), three-year bonds on June 1. The bonds sold for $100,000. Prepare the journal entry to record the

Bienias Corporation issues $100,000 of 5% (paid annually), three-year bonds on June 1. The bonds sold for $100,000.

Prepare the journal entry to record the bond issue.

Journal Entry

Date Account Titles Dr. Cr.

Jun. 1

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