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Cullumber Company issues $2.25 million, 10 -year, 8% bonds at 98 , with interest payable...

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Accounting

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Cullumber Company issues $2.25 million, 10 -year, 8% bonds at 98 , with interest payable each January 1 . (a) Prepare the journal entry to record the sale of these bonds on January 1, 2027. (Credit account titles are automatically ind when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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