Question: Write a journal entry for: a. On January 3, 2018, a $600,000 serial bond issue having a stated interest rate of 8% was authorized for

Write a journal entry for: a. On January 3, 2018, a $600,000 serial bond issue having a stated interest rate of 8% was authorized for the acquisition of land and the construction of a library building. The bonds are to be redeemed in 10 equal annual installments beginning February 1, 2019.

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