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QUESTION2-15 POINTS Michelangelo, Inc. M) issues $15,000,000 face value bonds on 111121. The bonds have a 11 year term and pay interest annually with a

QUESTION2-15 POINTS Michelangelo, Inc. "M") issues $15,000,000 face value bonds on 111121. The bonds have a 11 year term and pay interest annually with a stated rate of interest of 5%.f the market rate of interest is 6%, prepare the journal entry to record the bond issuance on 111121 ACCOUNT DEBIT CREDIT

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