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Saved Help Required information (The following information applies to the questions...

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Accounting

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Saved Help Required information (The following information applies to the questions displayed below. Enviro Company issues 10%, 10-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for cash on January 1, 2017. View transaction list Journal entry worksheet

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