On December 13, 2025, a company issues $2,000,000 face value, 5%, 5-year bonds. Interest is paid semiannually
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Question:
On December 13, 2025, a company issues $2,000,000 face value, 5%, 5-year bonds. Interest is paid semiannually each June 30 & December 31. The bonds sell at a price of 96; the company uses the straight-line method of amortizing bond discount/premium. Record the entry made to record issuance of the bonds payable.
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