Create the required journal entries for the transactions

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Reference no: EM131211302

The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions.

Reference no: EM131211302

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