Journal entry-bonds issuance

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Reference no: EM13150397

Legacy issues $300,000 if 6%, four-year bonds dated january 1,2009, that pay interest semiannually on June 30 and December 31. They are issued at $300,300 and their market rate is 9% at the issue date. Prepare the January 1, 2009, journal entry to record the bonds' issuance.

Reference no: EM13150397

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