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Waterway Corporation issues 3600,10 -year, 10%,$1000 bonds dated January 1, 2021, at 97 . The...

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Accounting

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Waterway Corporation issues 3600,10 -year, 10%,$1000 bonds dated January 1, 2021, at 97 . The journal entry to record the issuance will show a credit to Bonds Payable for $3708000. debit to Cash of $3600000. debit to Cash for $3492000. credit to Discount on Bonds Payable for $108000

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