Question: Exercise 10-8 (Part Level Submission) On August 1, 2017, Cheyenne Corp. issued $484,800, 6%, 10-year bonds at face value. Interest is payable annually on August

Exercise 10-8 (Part Level Submission) On August 1, 2017, Cheyenne Corp.

Exercise 10-8 (Part Level Submission) On August 1, 2017, Cheyenne Corp. issued $484,800, 6%, 10-year bonds at face value. Interest is payable annually on August 1, Cheyenne's year-end is December 31 (a) Prepare journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 1

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