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Confused on how to set up journal entry... Sunland Company issued $470,000, 10-year, 7% bonds at 105. Prepare the journal entry to record the sale

Confused on how to set up journal entry...

Sunland Company issued $470,000, 10-year, 7% bonds at 105.

Prepare the journal entry to record the sale of these bonds on January 1, 2017.

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