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Pharoah Inc. issues $300,000, 10-year, 9% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022.

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Pharoah Inc. issues $300,000, 10-year, 9% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 1 Debit Credit

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