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- It is January 1, 2020 and you decide to build a giant hotel complex on one of your properties. You decide to issue some

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- It is January 1, 2020 and you decide to build a giant hotel complex on one of your properties. You decide to issue some 10 year bonds and use the cash to build the hotel. You issue 100 bonds with a face value of $1,000. The 10 year bonds are issued at faoe value and have an interest rate of 4 Pa per year. Record the Journal entry for the January 1, 2020 bond issuance

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