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On the first day of the fiscal year, a company issues a $4,300,000, 7%, 8-year bond that pays semiannual interest of $150,500 ($4,300,000 7% ),
On the first day of the fiscal year, a company issues a $4,300,000, 7%, 8-year bond that pays semiannual interest of $150,500 ($4,300,000 7% ), receiving cash of $4,049,475.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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