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Splish Brothers Inc. issues $268,000, 10-year, 7% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2017

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Splish Brothers Inc. issues $268,000, 10-year, 7% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2017 (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Cash 259,960 Premium on Bonds Payable 8,040 Bonds Payable 268,000 e Textbook and Media List of Accounts Attempts: 2 of 3 used Submiswer

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