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On January 1, 2022, Cullumber Company issued bonds with a face value of $650,000. The bonds carry a stated interest of 8% payable each January

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On January 1, 2022, Cullumber Company issued bonds with a face value of $650,000. The bonds carry a stated interest of 8% 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 97. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit cas 630,500 disc 19.500 Bonds Payable 650,000 Prepare the journal entry for the issuance assuming the bonds are issued at 103. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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