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  • 23-01-2024
  • Business
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Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 and their market rate is 12% at the issue date. Prepare the January 1, 2013, journal entry to record the bonds' issuance.

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