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On january 1 . 2 0 2 4 lewis company issued $ 6 0 0 , 0 0 0 , 6 % , 1 6

On january 1.2024 lewis company issued $600,000,6%,16-year bonds with semi annual interest payments. The bonds were issued to yield an effective rate of 8%. Determine The proceeds (amount recieved) from bonds issue abd prepare the journal entry to record the issue of the bonds

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