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On January 1, 2010, Wynnewood Company issued bonds with a face value of $1,000,000. The bonds carry a stated interest of 7% payable each January
On January 1, 2010, Wynnewood Company issued bonds with a face value of $1,000,000. The bonds carry a stated interest of 7% payable each January 1
(a) Prepare the journal entry for the issuance assuming the bonds are issued at 98 (b) Prepare the journal entry for the issuance assuming the bonds are issued at 103.
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