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Medhurst Corporation issued $ 9 0 , 0 0 0 in bonds for $ 8 7 , 0 0 0 . The bonds had a

Medhurst Corporation issued $

90, 000

in bonds for $

87, 000 .

The bonds had a stated rate of

8 %

and pay interest quarterly. What is the journal entry to record the first interest payment?

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