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On January 1, 2007 , Kentwood Company issued bonds with a face value of $500,000. The bonds Femy a stated interest of T% payable each

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On January 1, 2007 , Kentwood Company issued bonds with a face value of $500,000. The bonds Femy a stated interest of T% payable each January 1. a. Prepare the joumal entry for the issuance assuming the boids are issued at 97. b. Prepare the joumal entry for the issuance assuming the bonds are issued at 102

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