On the first day of the current fiscal year,$1,500,000 of 10-year,8% bonds,with interest payable semiannually,were sold for $1,225,000.Present entries to record the following transactions for the current fiscal year:

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The Answer of On the first day of the current fiscal year,$1,500,000 of 10-year,8% bonds,with interest payable semiannually,were sold for $1,225,000.Present entries to record the following transactions for the current fiscal year:

On the First Day of the Current Fiscal Year,$1,500,000 of 10-Year,8