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Vance Company issued $1,000,000, 10%, 20-year bonds on January 1, 2014, at 104. Interest is payable semiannually on July 1 and January 1. Vance uses

Vance Company issued $1,000,000, 10%, 20-year bonds on January 1, 2014, at 104. Interest is payable semiannually on July 1 and January 1. Vance uses the straight-line method of amortization and has a calendar year end.

Instructions Prepare all journal entries made in 2014 related to the bond issue.

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