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On December 31, 2017 when the market interest rate was 8% Willis Realty Company issued a $400,000 bond at 7.25% with a term of 10

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On December 31, 2017 when the market interest rate was 8% Willis Realty Company issued a $400,000 bond at 7.25% with a term of 10 years paid semiannually. Give me the entry to issue the bonds which means you have to determine the selling price, and the Journal entry for the first two interest payment periods

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