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Journalize the bond issuance

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Question - On the first day of the fiscal year, a company issues a $4,200,000, 7%, 6-year bond that pays semi-annual Interest of $147,000 ($4,200,000 x 7% x 1/2), receiving cash of $4,866,245. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Reference no: EM133159236

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