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On January 1,2016,The Hanover Corporation issued $70,500 of 8%,5-year bonds at 97.Hanover uses the straight-line method of bond discount amortization.The interest payments are due on December 31 each year.
-The journal entry used to record the issuance of the bond and the receipt of cash would be:

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On January 1,2016,The Hanover Corporation issued $70,500 of 8%,5-year bonds at 97.Hanover uses the straight-line method of bond discount amortization.The interest payments are due on December 31 each year.
-The journal entry used to record the issuance of the bond and the receipt of cash would be:

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On January 1,2016,The Hanover Corporation issued $70,500 of 8%,5-year bonds at 97.Hanover uses the straight-line method of bond discount amortization.The interest payments are due on December 31 each year.
-The journal entry used to record the issuance of the bond and the receipt of cash would be:

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