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Suppose that Sunland issues 3700,12 -year, 10%,$1000 bonds dated January 1,2025 at 96 . The...

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Accounting

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Suppose that Sunland issues 3700,12 -year, 10%,$1000 bonds dated January 1,2025 at 96 . The journal entry to record the issuance of the bonds will include a credit to Bonds Payable for $3552000. credit to Cash for $3552000. debit to Discount on Bonds Payable for $148000. debit to Cash of $3700000

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