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Issuing bonds at a premium On the first day of the fiscal year, a...

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Accounting

Issuing bonds at a premium
On the first day of the fiscal year, a company issues a $8,300,000,11%,10-year bond that pays semiannual interest of $456,500($8,300,00011%12), receiving
cash of $9,991,996.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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