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Prepare the journal entry to record the issuance of bonds for C... | Filo

Prepare the journal entry to record the issuance of bonds for C... | Filo

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On January 1, 2013, a company issued 5,000,000 of 8 percent bonds at par. These bonds are due in five years with interest payable annually on December 31. Record the journal entry for the issuance of bonds, the entry for December 31, 2013, and January 1, 2018.

On January 1, 2013, a company issued 5,000,000 of 8 percent bon…

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