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On the Date of Issue, Chudzick Corporation Sells $5 Million

Question 108

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On the date of issue, Chudzick Corporation sells $5 million of 5-year bonds at 97.The entry to record the sale will include the following debits and credits: On the date of issue, Chudzick Corporation sells $5 million of 5-year bonds at 97.The entry to record the sale will include the following debits and credits:

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