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March Corporation issued 1 4 0 0 3 % 5 - year, $ 1 0 0 0 bonds dated January 1 , 2 0 2

March Corporation issued 14003%5-year, $1000 bonds dated January 1,2025, at face value. Interest is paid each January 1. Prepare the journal entries to record the issuance of the bonds, the accrual of interest on December 31,2025, and the payment of interest on January 1,2026.

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