Saddle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale

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Saddle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2014.

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 11:07 AM

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Saddle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale

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Accounting Tools for Business Decision Making

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