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On January 1, 2022, Carla Vista Company issued bonds with a face value of $750,000. The bonds carry a stated interest of 7% payable

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On January 1, 2022, Carla Vista Company issued bonds with a face value of $750,000. The bonds carry a stated interest of 7% payable each January 1. (a) Your answer has been saved. See score details after the due date. Prepare the journal entry for the issuance assuming the bonds are issued at 96. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Cash Discount on Bonds Payable Bonds Payable Debit 720000 30000 Credit 750000

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