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On January 1, 2019, North Company issued $2,000,000 of bonds with a stated rate of 10% that are due to mature December 31 , 2025

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On January 1, 2019, North Company issued $2,000,000 of bonds with a stated rate of 10% that are due to mature December 31 , 2025 , and pay interest semiannually. The market rate of interest was 9% at the dabe of issuance. Required: Prepare the journal entry for the sale of the bonds on January 1, 2019. Prepare the joumal entry for the sale of the bonds on January 1, 2019. GeneralJoumal Instructions How does sroding work

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