What would be the journal entry to record the issuance of the bonds on February...
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What would be the journal entry to record the issuance of the bonds on February 28, 2020? On February 28, 2020, Blue Grass Industries issued 10% bonds, dated January 1, with a face amount of $96 million. The bonds were priced at $84 million (plus accrued interest). Interest is paid semiannually on June 30 and December 31. Blue Grass Industries fiscal year ends October 31.
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