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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $6,200,000,12%, 4-year bond that pays semiannual interest of

image text in transcribed Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $6,200,000,12%, 4-year bond that pays semiannual interest of $372,000($6,200,00012%1/2), receiving cash of $6,011,248. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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