Paine inc issues 4504 million 5-year 9 bonds at 103 with

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Paine Inc. issues $4.504 million, 5-year, 9% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium.Prepare the journal entry to record the sale of these bonds on January 1, 2010.

Reference no: EM13608983

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