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CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable
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THE ANSWERS IN RED ARE WRONG!!!!!! Please dont give me the same answers. Also the journal is only 3 lines.
Instructions On January 1, the first day of the fiscal year, a company issues a $1,200,000, 9%, five-year bond that pays semiannual interest of $54,000 ($1,200,000 x 9% x 2), receiving cash of $1,153,670. Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titlesStep by Step Solution
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