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Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at

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Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $292, 181 and their market rate is 8% at the issue date. 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance

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