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The Amazing Widget Company issues $538,000 of 7%, 10-year bonds at 108 on March 31, 2017. The bonds pay interest on March 31 and September
The Amazing Widget Company issues $538,000 of 7%, 10-year bonds at 108 on March 31, 2017. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. The journal entry to record the issuance includes a ________.
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