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E-Tech Initiatives Limited plans to issue $400,000,10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on
E-Tech Initiatives Limited plans to issue $400,000,10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1,2022 . Show how the bonds would be reported on the January 2,2022 , balance sheet if they are issued at 97. (Deductions should be indicated by a minus sign.)
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