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Question Content Area On the first day of the fiscal year, a company issues a...

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Accounting

Question Content Area On the first day of the fiscal year, a company issues a $970,000, 10%, 5-year bond that pays semiannual interest of $48,500 ($970,000 x 10% 1/2), receiving cash of $884,175. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank

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