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On January 1, 2010, Lang Corporation Issued $900,000, 8%, 10-Year

Question 208

Essay

On January 1, 2010, Lang Corporation issued $900,000, 8%, 10-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Lang Corporation has a calendar year end.
Instructions
Prepare all entries related to the bond issue for 2010.

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