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Bonds whth a stated or coupon interest rate of 9% and a face value totaling $600,000 were issued for $624.000 on January 1,2021 , whien

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Bonds whth a stated or coupon interest rate of 9% and a face value totaling $600,000 were issued for $624.000 on January 1,2021 , whien the inaiket interest rate Was. 8%. Interest paid at the end of each year on December 31. The bond matures on December 31, 2025. The compary uses straight Aline bond amortizallon. Write the Jourral Entry for the Bond issue on January 1, 2021

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