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Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued...

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Accounting

Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued $30,900,000 of 10-year, 10% bonds at a market (effective) interest rate of 8%, receiving cash of $35,099,511. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, If an amount box does not require an entry, leave it blank. Question Content Area 1. Journalize the entry

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