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Question 15 of 18 -/2 View Policies Current Attempt in Progress Sheridan Company issues 3200, 10-year, 8%, 51000 bonds dated January 1, 2020, at 98.

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Question 15 of 18 -/2 View Policies Current Attempt in Progress Sheridan Company issues 3200, 10-year, 8%, 51000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance will show a debit to Cash for $3136000, credit to Bonds Payable for $3264000 credit to Discount on Bonds Payable for $64000. debit to Cash of $3200000

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