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On the first day of the fiscal year, a company issues a (n) $344,000,8%,5-year bond...

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Accounting

On the first day of the fiscal year, a company issues a (n) $344,000,8%,5-year bond that pays semiannual interest of $13,760($344,0008%12), receiving cash of
$323,400. Journalize the entry for the first interest payment and the amortization of the related bond discount using the straight-line method.
If an amount box does not require an entry, leave it blank.
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