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What is the journal entry to record the issuance of bonds

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Reference no: EM131968621

Question - Corp. issued $50,000 (face value) of bonds with the following details;

They mature in 1 year

The stated interest rate is 8%

The market interest rate is 10%

What is the journal entry to record the issuance of the bonds on Corp. books?

Reference no: EM131968621

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