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Whitmore Company issued $585, 500 of 5-year, 10% bonds at 98 on January 1, 2017. The bonds pay interest annually. Prepare the journal entry to

Whitmore Company issued $585, 500 of 5-year, 10% bonds at 98 on January 1, 2017. The bonds pay interest annually. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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