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Garcia Company issues 8.0%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On the Issue date, the annual market rate for

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Garcia Company issues 8.0%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On the Issue date, the annual market rate for these bonds is 6.0%, which implies a selling price of 116 3/4 Prepare the journal entry for the issuance of these bonds for cash on January 1 View transaction list Journal entry worksheet

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