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On the first day of the fiscal year, a company issues a $3,500,000,6% five-year bond that pays semiannual interest of $105,000($3,500,0006%1/2), receiving cash of $3,350,000.

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On the first day of the fiscal year, a company issues a $3,500,000,6% five-year bond that pays semiannual interest of $105,000($3,500,0006%1/2), receiving cash of $3,350,000. Journalize the bond issuance. Jpurnalize the first interest payment and the amortization of the related bond discount

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