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What is the journal entry to record the issuance of the bond

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Reference no: EM133061992

Question - Cougar Corp. sold a 2-year, 5.25%, 300,000, bonds on January 1, 2021 for 280,000. Interest is paid semi-annually on June 30 and December 31. What is the journal entry to record the issuance of the Bond on 1/1/2021? Complete the amortization schedule.

Reference no: EM133061992

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