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Crosby, Inc., sells $1,000,000 general obligation bonds for 98. 1. how much did they receive from the sale of the bonds 2. did the bonds

Crosby, Inc., sells $1,000,000 general obligation bonds for 98.

1. how much did they receive from the sale of the bonds

2. did the bonds sell at a premium or discount

3. record the sale of the bonds

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