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On January 1, 2018 Cisco issued $100,000, 12% bonds, dated January 1. The company issued the bonds at par value. The bonds pay interest annually,

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On January 1, 2018 Cisco issued $100,000, 12% bonds, dated January 1. The company issued the bonds at par value. The bonds pay interest annually, starting January 1, 2019. Required: Prepare the journal entries relative to this bond on December 31, 2018 and January 1 2019

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