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On January 1, 2025. Bramble Company sold 12% bonds having a maturity value of $400,000.00 for $430,325.92, which provides the bondholders with a 10% yield.

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On January 1, 2025. Bramble Company sold 12% bonds having a maturity value of $400,000.00 for $430,325.92, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2025, and mature January 1, 2030, with interest payable December 31 of each year. Bramble Company allocates interest and unamortized discount or premium on the effective-interest basis. Click here to view factor tables. (a) Prepare the journal entryat the date of the bond issuance. (Round answer to 2 decimal ploces, es. 38.548.25, If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries)

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