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Recording Bond issuance and Interest On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12%

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Recording Bond issuance and Interest On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% Interest semi annually on June 30 and December 31. Prepare the joumal entry for issuance assuming the bonds are issued at: (A) 99% and (B) 103% %

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