Question: Homework Assignment #2 for Long Term Liabilities Brownly Corporation issued $750,000 of 7% 15 year bonds on January 1 Interest is paid on January and

Homework Assignment #2 for Long Term Liabilities Brownly Corporation issued $750,000 of 7% 15 year bonds on January 1 Interest is paid on January and July 1". They were issued under three different situations. The first was at face value on January 1". The second was issued at 103 on January 1" and the third was issued at 96 on January 1". Prepare two journal entries for each situation and upload the file

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