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Sunland Corporation issued $2,700, 8%, 5-year, $1,000 bonds dated January 1, 2022, at 100. Interest is paid each January 1. Prepare the journal entry to

Sunland Corporation issued $2,700, 8%, 5-year, $1,000 bonds dated January 1, 2022, at 100. Interest is paid each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2022

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