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On the first of the fiscal year,a company issues a $930,000, 7%,five years bond that...

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Accounting

On the first of the fiscal year,a company issues a $930,000, 7%,five years bond that pays a semi-annual interest of $32,550 ($930,000x7%;1/2l,receiving cash of $884,175. Journalize the entry to record the issuance of the bonds

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