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Prepare the journal entry to record the sale

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Question - Ratzlaff Company issues $2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1.

(a) Prepare the journal entry to record the sale of these bonds on January 1, 2011.

(b) Assuming instead that the above bonds sold?

Reference no: EM132066106

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