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The Henry Corporation will issue 200 bonds of $1,000 each, 5%, 10 year bonds on January 1, 2022. Interest is paid annually on January 1.

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The Henry Corporation will issue 200 bonds of $1,000 each, 5%, 10 year bonds on January 1, 2022. Interest is paid annually on January 1. The bonds are issued at 102. Instructions Record the journal entries for January 1, December 31, 2022, and January 1, 2023, 2. Show the balance sheet presentation on December 31, 2022. Problem 3

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