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QS 14-6 Journalizing premium bond issuance LO P3 Garcia Company issues 110%, 15-year bonds with a par value of $260,000 and semiannual interest payments. On

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QS 14-6 Journalizing premium bond issuance LO P3 Garcia Company issues 110%, 15-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.0%, which implies a selling price of 116 1/4 Prepare the journal entry for the issuance of these bonds for cash on January 1 View transaction ist Journal entry worksheet

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