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Kelvin Company borrowed money by issuing $6,000,000 of 4% bonds payable at 101.7 on July 1, 2021. The bonds are five-year bonds and pay

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Kelvin Company borrowed money by issuing $6,000,000 of 4% bonds payable at 101.7 on July 1, 2021. The bonds are five-year bonds and pay interest each January 1 and July 1. Read the requirements 1. How much cash did Kelvin receive when it issued the bonds payable? Journalize this transaction When it issued the bonds payable, Kelvin received

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