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How journalize the entry to record the issuance of the bonds

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Problem 1: Issuing bonds at a discount OBJ. 3 On the first day of the fiscal year, a company issues a $1,800,000, 6%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 X 6% X V), receiving cash of $1,725,151. Journalize the entry to record the issuance of the bonds.

Reference no: EM132728759

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