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On the first day of the year 2019, a company issues a $5,000,000, 10%, 10-year bond that pays semi-annual interest, receiving cash of $5,300,000. Journalize

On the first day of the year 2019, a company issues a $5,000,000, 10%, 10-year bond that pays semi-annual interest, receiving cash of $5,300,000. Journalize the entry to record the issuance of the bonds.

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