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The bonds carry a face interest rate of 8 percent that is

Claudio Company issued with a face value of 800,000. The bonds carry a face interest rate of 8 percent that is payable eachJuly 1 andJanuary 1. Prepare the entry in journal form without explanation for the issuance of the bonds assuming the bonds are issued at 98? Issued at 101?

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Accounting Basics: The bonds carry a face interest rate of 8 percent that is

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