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Prepare the journal entry to record the issuance of bonds

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Question - Carla Vista Electric sold $7,080,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and paid interest annually on January 1. The bonds were sold at 98. Prepare the journal entry to record the issuance of the bonds on January 1, 2022.

Reference no: EM133164729

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