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Corporation has decided to issue $3,000,000 of 7.5% annual, 10-year bonds on March 1, 2020, with interest payments on September 1 and March 1. Assume

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Corporation has decided to issue $3,000,000 of 7.5% annual, 10-year bonds on March 1, 2020, with interest payments on September 1 and March 1. Assume the bonds are sold on August 1, 2020 at face value. Prepare the entry to record selling the bonds on August 1, 2020

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