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On Jan1, Year 1, Foxcroft Inc. issued 80 bonds with a face value of $1,020 for $84,800. The bonds had a stated rate of 7%

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On Jan1, Year 1, Foxcroft Inc. issued 80 bonds with a face value of $1,020 for $84,800. The bonds had a stated rate of 7% and paid interest semiannually What is the journal entry to record the first payment to the bondholders? If an amount box does not require an entry, leave it blank Jun 30

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