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Business, 25.11.2021 18:20 banks9244

On the first day of the fiscal year, a company issues a $4,500,000, 11%, 9-year bond that pays semiannual interest of $247,500 ($4,500,000 × 11% × ½), receiving cash of $5,354,504. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

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