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Oriole Company issues $3.6 million, 20-year, 9% bonds at 98, with interest payable on December 31. The straight-line method is used to amortize bond discount.
Oriole Company issues $3.6 million, 20-year, 9% bonds at 98, with interest payable on December 31. The straight-line method is used to amortize bond discount. Prepare the journal entry to record the sale of these bonds on January 1, 2022
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