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On January 1, Manufacting Inc. issued $800,000 of six-year, 4% bonds that pay interest semi-annually on June 30 and December 31. The market rate at

On January 1, Manufacting Inc. issued $800,000 of six-year, 4% bonds that pay interest semi-annually on June 30 and December 31. The market rate at the time of issuance was 6%. What is the journal entry to record the 1st interest payment?

Please use present value tables.

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