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On January 1, 2020, Pharoah Corporation issued $520,000, 6%, 10-year bonds at face value. Interest...

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Accounting

On January 1, 2020, Pharoah Corporation issued $520,000, 6%, 10-year bonds at face value. Interest is payable annually on January 1. Pharoah Corporation has a calendar year end. Prepare all entries related to the bond issue for 2020.

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