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Your company sells $47,000 of one-year, 12% bonds for an issue price of $42, 500. The Journal entry to record this transaction will Include a

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Your company sells $47,000 of one-year, 12% bonds for an issue price of $42, 500. The Journal entry to record this transaction will Include a credit to Bonds Payable in the amount of: $48, 140. $52, 640. $47,000. $42, 500

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