Instruction On the first day of the fiscal year, a company issues a $980,000,7%, five-year...
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Accounting
Instruction On the first day of the fiscal year, a company issues a $980,000,7%, five-year bond that pays semiannual interest of $34,300 ($980,000 x 7% x 1/2), receiving cash of $884,175 Required: Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account bites
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