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On January 1, 2014, Victor Corporation sold a $1,480,000, 10 percent bond issue (8 percent market rate). The bonds were dated January 1, 2014, pay
On January 1, 2014, Victor Corporation sold a $1,480,000, 10 percent bond issue (8 percent market rate). The bonds were dated January 1, 2014, pay interest each June 30 and December 31, and mature in five years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view general journal view transaction list Journal Entry Worksheet Record the issuance of the bonds. Debit Date General Journal Credit January 01, 2014 *Enter debits before credits record entry done clear entry
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