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Sheridan Company issues 2400, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a credit

Sheridan Company issues 2400, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a credit to Bonds Payable for $2414400. credit to Cash for $2472000. O credit to Premium on Bonds Payable for $72000. O debit to Cash of $2400000

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