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On the first day of its fiscal year, Ebert Company issued $ 2 0 , 0 0 0 , 0 0 0 of S -
On the first day of its fiscal year, Ebert Company issued $ of Syear, bonds to finance its operations. Interest is payable setsremaly market effective interest rate of resulting in Ebert recerving cash of $ The company uses the interest method.d Journalize the entres to record the following:Sale of the bonos, kound to the nearest dollar. I an amount box does not require an entry, leave it blank.
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