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Prepare the journal entry to record the issuance of the bond

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Reference no: EM13871643

On January 1 (the authorization date) of the current year, GoldenEye Company issues $500,000 of 9% bonds at 103. These bonds pay interest on June 30 and December 31. 

Prepare the journal entry to record the issuance of the bonds. 

Reference no: EM13871643

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