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On the first day of the fiscal year, a company issues a $ 8 , 4 0 0 , 0 0 0 , 8 %

On the first day of the fiscal year, a company issues a $8,400,000,8%,5-year bond that pays semiannual interest of $336,000, receiving cash of 7,751,374. Journalize the bind issuance. If an amiunt box does not require an entry leave it blank.

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