Question: P3 issued $5,600,000, 8%, 10-year bonds dated March 1, 2020 on that date to yield 10%. Interest is payable on September 1 and March 1.

P3 issued $5,600,000, 8%, 10-year bonds dated March 1, 2020 on that date to yield 10%. Interest is payable on September 1 and March 1. (Note: record the entries for 2020 and 2021.)

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