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Business, 30.11.2019 05:31 cruzsuarezjanca

On january 1, year 1 residence company issued bonds with a $50,000 face value. the bonds were issued at face value. they had a 20 year term and a stated rate of interest of 7% payable in cash on december 31 of each year. which of the following shows the journal entry required to recognize the bond issue on january 1, year 1?

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On january 1, year 1 residence company issued bonds with a $50,000 face value. the bonds were issued...
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