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Kartel is planning to issue 650 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of
Kartel is planning to issue 650 bonds, each having a face amount of $1,000.
Required:
1. Prepare the journal entry to record the sale of the bonds at par.
2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000.
3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000.
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