Journalize the bond issuance

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Question - Issuing Bonds at a Premium - On the first day of the fiscal year, a company issues a $1,400,000, 12%, 6-year bond that pays semiannual interest of $84,000 ($1,400,000 × 12% × ½), receiving cash of $1,591,491. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Reference no: EM132932153

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