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  3. 4. on the first day of the fiscal year, a company

4. On the first day of the fiscal year, a company issues a $5,100,000, 10%,...

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Accounting

4. On the first day of the fiscal year, a company issues a $5,100,000, 10%, 4-year bond that pays semiannual interest of $255,000 ($5,100,000 10% ), receiving cash of $5,268,194. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

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