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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,300,000,7%,10-year bond that pays semiannual interest of $115,500
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,300,000,7%,10-year bond that pays semiannual interest of $115,500 ( $3,300,000 7%1/2), receiving cash of $3,075,761. Journalize the bond issuance. If an amount box does not require an entry, leave it blank
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