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On June 30, 2009, Airport Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. The bonds were purchased by Paxton Co. on

On June 30, 2009, Airport Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. The bonds were purchased by Paxton Co. on the issue date at the issue price. Present entries to record the following transactions

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