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Novak Corp. issues 910, 10-year, 8%, $1000 bonds dated January 1, 2020, at 95. The journal entry to record the issuance will show a

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Novak Corp. issues 910, 10-year, 8%, $1000 bonds dated January 1, 2020, at 95. The journal entry to record the issuance will show a credit to Discount on Bonds Payable for $45500.

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