Prepare the journal entries for the transactions

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Question - Prepare the journal entries for the following transactions. Explain which accounts are debited/credited and for how much, and then show the journal entry in its proper format.

1. On January 1, 2020, Dove Company issued $500,000 of 5%, 8-year bonds at 100.

2. On January 1, 2020, Dove Company issued $500,000 of 5%, 8-year bonds at 97.

3. On January 1, 2020, Dove Company issued $500,000 of 5%, 8-year bonds at 102.

Reference no: EM132753899

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