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Wildhorse Company issued $670,000 of 5 -year, 5% bonds at 97 on January 1, 2022. The bonds pay interest annually. (a1) Prepare the journal entry

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Wildhorse Company issued $670,000 of 5 -year, 5% bonds at 97 on January 1, 2022. The bonds pay interest annually. (a1) 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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