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On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 7%, 10-year bonds for $1,050,000, with interest payable semiannually. Journalize the following

On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 7%, 10-year bonds for $1,050,000, with interest payable semiannually. Journalize the following transactions for the current fiscal year

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