On September 1,2024, Cullumber Corporation issued $675,000 of 10-year, 3% bonds at 95. Interest is...

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Accounting

On September 1,2024, Cullumber Corporation issued $675,000 of 10-year, 3% bonds at 95. Interest is payable semi-annually on September 1 and March 1. Cullumber's fiscal year end is February 28.
(a)
Your answer is correct.
Is the market rate of interest higher or lower than 3%?
Market interest rate is than 3%
B. Record the issue of the bonds on September 1,2024
I need correct solution and entry for part B
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