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On January 1, InnoSolutions, Inc. issued $170,000 in bonds at face value. The bonds have a stated interest rate of 5 percent. The bonds mature

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On January 1, InnoSolutions, Inc. issued $170,000 in bonds at face value. The bonds have a stated interest rate of 5 percent. The bonds mature in ten years and pay interest once per year on December 31. Required: 1. Prepare the journal entry to record the bond issuance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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