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New Shu Corporation Issued $100,000 Worth of Bonds on January

Question 52

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New Shu Corporation issued $100,000 worth of bonds on January 1,2014.These bonds had a 5 year term with a stated rate of 9%.At the time of sale the market rate was 10% so New Shu received $96,149 for this sale.Record the issuance of this bond.

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