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Current Attempt in Progress Blue Spruce Corp. issued $571,000 of 5-year, 5% bonds at 96 on January 1, 2022. The bonds pay interest annually.

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Current Attempt in Progress Blue Spruce Corp. issued $571,000 of 5-year, 5% bonds at 96 on January 1, 2022. The bonds pay interest annually. (a1) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash Discount on Bonds Payable Bonds Payable eTextbook and Media List of Accounts 548160 22840 571000 Attempts: 1 of 3 used

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