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On January 1, 2022, Sanchill Company issued bonds with a face value of $560,000. The bonds carry a stated interest of 7% payable each January

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On January 1, 2022, Sanchill Company issued bonds with a face value of $560,000. The bonds carry a stated interest of 7% payable each January 1. (a) Prepare the joumal entry for the issuance assuming the bonds are issued at 97 . (Credit account titles are automatically indented when the emount isentered Donotindent manuolly)

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