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Prepare the general journal entry to record the April

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Question - Cort Inc. was authorized to issue $1,000.000 of 8 percent bonds. On April 1, 2019, the corporation issued bonds with a face value of $300,000 at a price of 101.0. The bonds mature 10 years from the date of issue. Interest is payable semiannually on October 1 and April. Prepare the general journal entry to record the April 1, 2019, bond issue.

Reference no: EM132486216

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