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How much cash total was received

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Sunset ?Drive-Ins Ltd. borrowed money by issuing $3,500,000 of 5?% bonds payable at 92.5 on July? 1, 2018. The bonds are? 10-year bonds and pay interest each January 1 and July 1.

Question 1: How much cash total was received after they issued the bonds? payable? Journalize this transaction

Reference no: EM132488567

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