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Show how the bonds would be reported on the balance sheet

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Reference no: EM131129802

Goliath Corporation issues $300,000 of bonds for $312,000. 

(a) Prepare the journal entry to record the issuance of the bonds, and 

(b) Show how the bonds would be reported on the balance sheet at the date of issuance. 

Reference no: EM131129802

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