Prepare the journal entry for issuance assuming the bonds

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Reference no: EM131860065

On January 1, 2010, Wynnewood Company issued bonds with a face value of $1,000,000. The bonds carry a stated interest of 7% payable each January 1

(a) Prepare the journal entry for the issuance assuming the bonds are issued at 98

(b) Prepare the journal entry for the issuance assuming the bonds are issued at 103.

Reference no: EM131860065

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