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On January 1 , 2 0 2 3 , a company issued 5 - year, 7 % bonds with a par value of $ 4

On January 1,2023, a company issued 5-year, 7% bonds with a par value of $400,000. The market rate when the bonds were issued was 6.5%. The bonds pay interest semiannually, and the company received $408,422 for the bond.
a. Journalize the issuance of the bond.
\table[[D,,Debit,],[A,,,],[E,,,],[1,,,],[1,,,],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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