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QUESTION 5 Son Aroom On January 1, 2020, Shout Company sold 12% bonds having a maturity value of $650,000 for $699,280, which provides the

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QUESTION 5 Son Aroom On January 1, 2020, Shout Company sold 12% bonds having a maturity value of $650,000 for $699,280, which provides the bondholders with a 10% yield. The bonds we dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Shout Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry at the date of the bond issuance. For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac) BI Paragraph y Arial 10pt x x The 3 ~ "A E WORDS POWE

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