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Swifty Corporation issued $414,500 of 5-year, 7% bonds at 95 on January 1, 2022. The bonds pay interest annually. Prepare the journal entry to record

Swifty Corporation issued $414,500 of 5-year, 7% bonds at 95 on January 1, 2022. The bonds pay interest annually.

Prepare the journal entry to record the issuance of the bonds

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Account Titles and Explanation Debit Credit

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