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Make journal entry to record the issuance of the bonds

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Reference no: EM133146872

Question - On January 1 (the authorization date) of the current year, Temple Company issues $500,000 of 9% bonds at 103. These bonds pay interest on June 30 and December 31.

Required - Make journal entry to record the issuance of the bonds.

Reference no: EM133146872

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