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On the first day of the fiscal year, a company issues a $900,000,7%5,5-year bond that pays semiannual interest of $31,500($900,0007%1/2), receiving cash of $884,177. Journalize

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On the first day of the fiscal year, a company issues a $900,000,7%5,5-year bond that pays semiannual interest of $31,500($900,0007%1/2), receiving cash of $884,177. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blonk

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