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You are the financial analyst for Walt Disney Company. The company has decided to issue $2,000,000 in bonds to finance a new project. Prepare the

You are the financial analyst for Walt Disney Company. The company has decided to issue $2,000,000 in bonds to finance a new project. Prepare the journal entries for the bond issuance and the first interest payment, assuming an annual interest rate of 5%. Discuss the impact of bond financing on the company’s financial statements and overall financial health.

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