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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $6,700,000, 9%, 9-year bond that pays semiannual interest

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $6,700,000, 9%, 9-year bond that pays semiannual interest of $301,500 (56,700,000 x 9% x W), receiving cash of $5,611,824 Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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