On the first day of the fiscal year, a company issues a $4,200,000, 10%, five-year bond that pays semiannual interest of $210,00 ($4,200,000 10% ),
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On the first day of the fiscal year, a company issues a $4,200,000, 10%, five-year bond that pays semiannual interest of $210,00 ($4,200,000 10% ), receiving cash of $4,041,710.
I have to journalize the entry. Can you help?
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