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Item9 eBookItem 9 A company issues bonds with a $100,000 par value, an...

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Accounting

Item9
eBookItem 9
A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five-year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include:

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