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On March 1,a Company Issues 6%,10 Year $300,000 Par Value

Question 9

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On March 1,a company issues 6%,10 year $300,000 par value bonds that pay semiannual interest each June 30 and December 31.The bonds sell at par value plus interest accrued since January 1.Prepare the general journal entry to record the issuance of the bonds on March 1.

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