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Sony issues bonds. The par value of the bonds is $210,000. The bonds mature in 5 years. The bond's contract rate is 11%, with interest
Sony issues bonds. The par value of the bonds is $210,000. The bonds mature in 5 years. The bond's contract rate is 11%, with interest paid twice yearly. Since the market rate at time of issuance is 10% the bonds are sold for $218,105. What is the entry to record the bond issuance
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