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Instructions On January 1, the first day of the fiscal year, a company issues a $3,000,000, 11%, five-year bond that pays semiannual interest of $165,000
Instructions On January 1, the first day of the fiscal year, a company issues a $3,000,000, 11%, five-year bond that pays semiannual interest of $165,000 ($3,000,000 1196 x ), receiving cash of $2,889,599. Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titles
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