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Issuing Bonds at a Discount On the first day of the fiscal vear, a company issues a $7,500,000,10%,8-year bond that pays semiannual interest of $375,000($7,500,00010%1/,

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Issuing Bonds at a Discount On the first day of the fiscal vear, a company issues a $7,500,000,10%,8-year bond that pays semiannual interest of $375,000($7,500,00010%1/, receiving cash of $6,742,058. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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