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ellook On Jan. 1, Year 1, Foxcroft Inc. issued 110 bonds with a face value of $860 for $97,700. The bonds had a stated

ellook On Jan. 1, Year 1, Foxcroft Inc. issued 110 bonds with a face value of $860 for $97,700. The bonds had a stated rate of 7% and paid interest semiannually. What is the journal entry to record the first payment to the bondholders? If an amount box does not require an entry, leave it blank, Jun. 30 88

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