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Exercise #1: Sportswear Company issues $10,000,000,20-year, 8% bonds at par. The bonds are sold January 1,2017 , and pay interest every January 1. Prepare all

Exercise \#1: Sportswear Company issues $10,000,000,20-year, 8% bonds at par. The bonds are sold January 1,2017 , and pay interest every January 1. Prepare all necessary journal entries for the year 2017

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