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Question 6 0.5 pts A corporation issues $5,000,000 of 30-year, 4% bonds dated January 1 at 106. The journal entry to record the issuance will

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Question 6 0.5 pts A corporation issues $5,000,000 of 30-year, 4% bonds dated January 1 at 106. The journal entry to record the issuance will include a credit to Discount on Bonds Payable for $300,000 a debit to Interest Expense for $300,000 a credit to Premium on Bonds Payable for $300,000. a debit to Cash for $5,000,000 a debit to Bonds Payable for $5,000,000

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