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On January 1, 2021, Hogan enterprises issued 8%, 20 year bonds with a face amount of 3 million at 1 oh one interest payable annually

On January 1, 2021, Hogan enterprises issued 8%, 20 year bonds with a face amount of 3 million at 1 oh one interest payable annually on January 1 prepare the entries to record the issuance of the bonds in the first annual interest, accrual an amortization, assuming that the company use a straight line amortization

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