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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $6,300,000, 10%, 9-year bond that pays semiannual interest
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $6,300,000, 10%, 9-year bond that pays semiannual interest of $315,000 ($6,300,000 x 10% x V), receiving cash of $6,683,039. Journalize the bond issuance. If an amount box does not require an entry, leave it blank
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