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Create journal entries to record the issuance

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Reference no: EM131789514

Question - Journal entries for the transactions accomplished in each month

July 1999: Assume E&P issues at 97, 10-year term bonds with a par value of $800,000, dated January 1, 2012, and bearing interest at an annual rate of 10 percent payable semiannually on January 1 and July 1. Create journal entries to record the issuance.

Reference no: EM131789514

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