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On January 1, 2019, management issued $ 5,000,000, twenty-year bonds at 98. The bonds pay five percent interest on December 31. Required: Prepare the

On January 1, 2019, management issued $ 5,000,000, twenty-year bonds at 98. The bonds pay five percent interest on December 31. Required: Prepare the journal entry for December 31, 2019.

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