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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,100,000, 8%, 6 year bond that pays semiannual

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,100,000, 8%, 6 year bond that pays semiannual interest of $204,000 (55,100,000 x 8% x W), receiving cash of 1,867,478. Journalize the bord issuance. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable Feedback Check My Work Bonds Payable is always recorded at face value Any difference in isse price is reflected in a premium or discount account

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