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LowKEY inc. issued $3,000,000, 8% 40 year bonds at face value on Feb 1 making interest payments on July 31 and Jan 31.Record the journal

LowKEY inc. issued $3,000,000, 8% 40 year bonds at face value on Feb 1 making interest payments on July 31 and Jan 31.Record the journal entries below. Journalize 1 - the issuance of the bond and 2 the first interest payment on July 31

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