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tatus. Moving to the next question prevents changes to this answer. Question 17 Question 17 of 32 3 points Save Answer Blue Journal Inc. issued

tatus. Moving to the next question prevents changes to this answer. Question 17 Question 17 of 32 3 points Save Answer Blue Journal Inc. issued 3 year bonds with a face value of $400,000 on January 1, 2020 and received total proceeds of $377,967.50. The bonds have an interest rate of 3% and interest is paid semi-annually on January 1 and July 1. The market interest rate was 5% when the bonds were issued. Given the information above, prepare the journal entry for the first interest payment. Round your answer to two decimal places. You must include a comma in the correct spot for your numbers. Debit Credit Credit $ $ $ A Moving to the next question prevents changes to this answer. Question 17 of 32image text in transcribed

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