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Omar Company issued a $140,000, 11%, 10-year bond payable at 97 on January 1, 2024 Interest is paid semiannually on January 1 and July

Omar Company issued a $140,000, 11%, 10-year bond payable at 97 on January 1, 2024 Interest is paid semiannually on January 1 and July 1 Read the requirements Requirement 1. Journalize the issuance of the bond payable on January 1, 2024 (Record debits first, then credits Select explanations on the last line of the journal entry.) Date Accounts and Explanation Debit Credit 2024 Jan. 1

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