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Sunland Company issued $660,000 of 5 year, 5% bonds at 98 on January 1, 2022. The bonds pay interest annually. (b1) prepare the journal entry

Sunland Company issued $660,000 of 5 year, 5% bonds at 98 on January 1, 2022. The bonds pay interest annually. (b1) prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 102.

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