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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,000,000, 11%, 6-year bond that pays semiannual interest

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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,000,000, 11%, 6-year bond that pays semiannual interest of $165,000 ($3,000,000 11% x 12), receiving cash of $3,132,948. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. VIL

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