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r-assignment-take&iprogress-false On the first day of the fiscal year, a company issues a seso,ooo, 8%, five-year bond that pays semiannual interest of $38,000 ($950.000 x

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r-assignment-take&iprogress-false On the first day of the fiscal year, a company issues a seso,ooo, 8%, five-year bond that pays semiannual interest of $38,000 ($950.000 x 8% x 1/2), receiving cash of $884,177. Journalize the entry to record the issuance of the bonds If an anount box does not require an entry, leave it biank. Bonds Payable 950000 ? 9 O 5

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