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On January 2017, BobCat Inc. issued $300,000 seven year bonds with 8% stated interest paid semiannually. Effective interest rate was 7%. How much cash did

On January 2017, BobCat Inc. issued $300,000 seven year bonds with 8% stated interest paid semiannually. Effective interest rate was 7%. How much cash did BobCat Inc. received as a result of the bond issuance and what was the journal entry?

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