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On January 1, 2024, Cullumber issued $4,300,000, 4% bonds. Interest is payable semi-annually on June...

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Accounting

On January 1, 2024, Cullumber issued $4,300,000, 4% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January 1, 2034. The bonds are sold to yield 12%.

Calculate the issue of the bonds

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