Prepare the journal entry to record the issuance

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Reference no: EM131959236

On January 1, 2017, Sattler Co., issues $200,000 of 10% bonds at 98. These bonds pay interest on July 1 and January 1. Prepare the journal entry to record the issuance of the bonds.

Assume the bonds are issued at 103 instead. Prepare the journal entry to record the issuance of the bonds.

Reference no: EM131959236

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