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On January 1,2014, Sandhill Worid issued bonds with a face value of $240,000. The bonds carry a stated interest of 6% payable each January 1.

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On January 1,2014, Sandhill Worid issued bonds with a face value of $240,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance of the bonds if the bonds are issued at 98.5 . (Credit account titles are outomatically indented when amount is entered. Do not indent manually)

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