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Journalize the bond issuance

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Reference no: EM131939053

Question - On the first day of the fiscal year, a company issues a $3,800,000, 9%, 10-year bond that pays semiannual interest of $171,000 ($3,800,000 × 9% × ½), receiving cash of $3,345,886.

Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Reference no: EM131939053

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