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Exercise # 3: On January 1, 2014, Gunne Corporation issued $800.000, 8%, 10-year bonds at face value. Interest is payable semiannually on July 1 and

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Exercise # 3: On January 1, 2014, Gunne Corporation issued $800.000, 8%, 10-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Gunne Corporation has a calendar year end. Instructions Prepare all entries related to the bond issue for 2014

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