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Exercise 10-11 Mobbe Company issued $500,000, 15-year, 7% bonds at 96. Prepare the journal entry to record the sale of these bonds on January 1,

Exercise 10-11

Mobbe Company issued $500,000, 15-year, 7% bonds at 96.

Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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