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The journal entry for the issuance of $500,000 bonds that sold for $515,000 is: Bonds Payable 515,000 Premium on Bonds Payable 15.000 Cash 500,000 True

The journal entry for the issuance of $500,000 bonds that sold for $515,000 is: Bonds Payable 515,000 Premium on Bonds Payable 15.000 Cash 500,000

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