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On January 1, 2020, XYZ Corporation sold (issued) $100,000 of its ten-year, 6% bonds payable at 96. Interest is paid each January 1. < (a)+

On January 1, 2020, XYZ Corporation sold (issued) $100,000 of its ten-year, 6% bonds payable at 96. Interest is paid each January 1. < (a)+ Give the entry for the sale of the bonds. < + + + + + + + + (b)+ Give the entry to record interest expense on December 31, 2020. Assume straight-line amortization. < < + + t + + + [

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