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On january 1 of 2015 parson freight company issues 7

On January 1 of 2015, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semi-annually. The market rate of interest is 8% and the bond selling price was $1,864,097. The bond issuance should be recorded as

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Accounting Basics: On january 1 of 2015 parson freight company issues 7

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