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On Jan. 1, 2019, ABC Co. issued $52,000 in bonds for $48,000 in cash. The stated interest rate was 4% while the market rate was

On Jan. 1, 2019, ABC Co. issued $52,000 in bonds for $48,000 in cash. The stated interest rate was 4% while the market rate was 8%. The bonds are paid semi-annually on June 30 and December 31 and the bonds mature in 2 years. Journalize the issuance, interest payments, and maturity of the bond.

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