Please anser with the correct format. On January 1. ABC...
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Accounting
Please anser with the correct format.
On January 1. ABC Company issues bonds with a face value of $1,000,000 and pay 6% interest semi-annually on June 30 and December 31 . The bonds mature in 10 years. ABC issues the bonds and receives $950,000 cash. Record the journal entry to issue the bonds. Your journal entry should be in the following format: Debit Account Name Amount Credit Account Name Amount Edit View Insert Format Tools Table 120t Paragraph
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