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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,700,000, 9%, 9- year bond that pays
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,700,000, 9%, 9- year bond that pays semiannual interest of $256,500 ($5,700,000 9% x2), receiving cash of $6,875,926. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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