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Your company sells $55,000 of one-year, 10% bonds for an issue price of $46,500. The journal entry to record this transaction will include a credit

Your company sells $55,000 of one-year, 10% bonds for an issue price of $46,500. The journal entry to record this transaction will include a credit to Bonds Payable in the amount of:

$46,500.

$55,000.

$52,000.

$60,500.

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