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Issuing bonds at a discount Instructions Chart of Accounts Journal Instructions On the first day of the fiscal year, a company issues a $3,500,000,6%. five-year

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Issuing bonds at a discount Instructions Chart of Accounts Journal Instructions On the first day of the fiscal year, a company issues a $3,500,000,6%. five-year bond that pays somiannual interest of $105.000 ($3,500,000 x 6% 9), receiving cash of $3,350,000, Journalize the bond issuance on Janwar 1. Refer to the Chart of Accounts for exact wording of account these

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