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Nasreen Company issues $2,000,000, 10-year, 10% bonds at 93, with interest payable each January 1. Prepare the journal entry to record the sale of these
Nasreen Company issues $2,000,000, 10-year, 10% bonds at 93, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2017. Assuming instead that the above bonds sold for 108, prepare the journal entry to record the sale of these bonds on January 1, 2017.
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