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Help Help Requirea information The following information applies to the questions displayed below) Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2020, that
Help Help Requirea information The following information applies to the questions displayed below) Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 when the market rate is 8%. Required: 1. Prepare the January 1journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $325,000 on January 1, 2020 at an issue price of $292,181. Note: Enter debits before credits. Date General Journal Debit Credit
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