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Question 4 View Policies Current Attempt in Progress Sandhill Company issues $2,000,000, 10-year, 6% bonds at 94, with interest payable each January 1. Prepare the

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Question 4 View Policies Current Attempt in Progress Sandhill Company issues $2,000,000, 10-year, 6% bonds at 94, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1 Cash Discount on Bonds Payable e Textbook and Media List of Accounts Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1

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