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Problem 2: On June 30, Snow Company issued $3,000,000 of 6-year, 10% bonds, for $3,500,000. Present entries to record the following transactions. a)June 30 Record

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Problem 2: On June 30, Snow Company issued $3,000,000 of 6-year, 10% bonds, for $3,500,000. Present entries to record the following transactions. a)June 30 Record the issuance of bonds. Dec 31 Payment of first semiannual interest on December 31 and the amortization of the discount or premium using the straight-line method. Journal DateT Item Item Debit Page XX Credit

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