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Issuing Bonds at a Premium On the first day of the...

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Accounting

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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $7,700,000, 9%, 10-year bond that pays semiannual interest of $346,500 ($7,700,000 x 9% x V%), receiving cash of $8,794,356. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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