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Hillside issues $2,700,000 off 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually...

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Accounting

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Hillside issues $2,700,000 off 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. view transaction list view general journal Journal Entry Worksheet Record the issue of bonds with a par value of $2,700,000 cash on January 1, 2015 at an issue price of $2,333,101. Debit Credit Date General Journal Jan 01, 2015 *Enter debits before credits clear entry record entry done

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