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On January 1 , 2 0 2 5 , Concord Corporation issued $ 1 , 5 0 0 , 0 0 0 face value, 7
On January Concord Corporation issued $ face value, year bonds at $ This price resulted in an effectiveinterest rate of on the bonds. The bonds pay annual interest, each January Concord has a calendar year end.
a
Prepare the journal entry to record the issue of the bonds on January Credit account titles are automatically indented when the amount is entened. Do not indent manually. If no entry is required, select No Entry" for the account titfes and enter Ofor the amounts. List debit entry before credit entry
Date
Account Titles
Debit
Credit
Jan.
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