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QUESTION 3 New Issue January 1, 2022 $450,000,000 AWESOME ACCOUNTING STUDENTS 9.15% Debentures Due October 1, 2032 Price 98.75% Required: If debt issue costs were

QUESTION 3

New Issue January 1, 2022

$450,000,000 AWESOME ACCOUNTING STUDENTS

9.15% Debentures Due October 1, 2032 Price 98.75%

Required:

If debt issue costs were $101,000 and the bonds were issued on January 1, 2022, what entry did Awesome Accounting Students use to record the sale?

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