Max Corporation sells $700,000, 11%, 10-year bonds at face value on January 1. Interest is paid on January 1 and July 1. The entry to record the issuance of the bonds on January 1 is:

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The Answer of Max Corporation sells $700,000, 11%, 10-year bonds at face value on January 1. Interest is paid on January 1 and July 1. The entry to record the issuance of the bonds on January 1 is:

Max Corporation Sells $700,000, 11%, 10-Year Bonds at Face Value