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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

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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 Janyary 1,2022. Show how the bonds would be reported on the January 2, 2022, balance sheet if they are issued at 98 . (Deductions should be indicated by a minus sign.)

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