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Magnolia Company issued a $1,000,000 bond at 102%% on January 1st the bond has a 2-year term and pays 6% interest annually each December 31st.

Magnolia Company issued a $1,000,000 bond at 102%% on January 1st the bond has a 2-year term and pays 6% interest annually each December 31st. Prepare the appropriate journal entries

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