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On January 1, 2020, Wonder Corp. sold $400,000 face value bonds at 92. The bonds have a 4% annual interest rate, pay interest semiannually on

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On January 1, 2020, Wonder Corp. sold $400,000 face value bonds at 92. The bonds have a 4% annual interest rate, pay interest semiannually on July 1 and January 1 each year, and have a 10 year term. Assume adjusting entries are made annually on December 31. The carrying value of the bonds on 1/1/2020 is

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