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Question 1. Vaughn Inc. issued $ 200,000, 5-year bond on January 1, 2021 paying 5% interest on a semi-annual basis every January 1 and July

Question 1. Vaughn Inc. issued $ 200,000, 5-year bond on January 1, 2021 paying 5% interest on a semi-annual basis every January 1 and July 1. Prepare the first-year journal entries for the bond issue...

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