Question: Exercise 15-2 (Part Level Submission) On January 1, 2017, Klosterman Company issued $505,000, 10%, 10-year bonds at face value. Interest is payable annually on January

Exercise 15-2 (Part Level Submission) On January 1, 2017, Klosterman Company issued $505,000, 10%, 10-year bonds at face value. Interest is payable annually on January 1. (a) Prepare the 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 Jan. 1, 2017 Click if you would like to Show Work for this question: Open Show Work

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