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Journalize the issuance of the bonds

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Question 1: On January 1, 2020, Ultra Vision Corp. issued $1,210,000 of 20-year 8.5% bonds that pay interest semiannually on June 30 and December 31. Assume the bonds were sold at (1) 96; and (2) 104. Journalize the issuance of the bonds at 96 and 104.

Reference no: EM132488777

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