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CONNECT Company issued 3 0 0 , $ 1 , 0 0 0 , 1 5 - year, 8 % bonds, at 9 7 .

CONNECT Company issued 300,$1,000,15-year, 8% bonds, at 97. The journal entry to record the issuance will show a
debit to Discount on Bonds Payable for $9,000
credit to Cash for $291,000
debit to Cash for $300,000
credit to Bonds Payable for $291,000
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