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On January 1,2013,Jacob Issues $800,000 of 9%,13-Year Bonds at a Price

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On January 1,2013,Jacob issues $800,000 of 9%,13-year bonds at a price of 96½.Six years later,on January 1,2019,Jacob retires 20% of these bonds by buying them on the open market at 105½.All interest is accounted for and paid through December 31,2018,the day before the purchase.The straight-line method is used to amortize any bond discount or premium.What is the journal entry to record the issuance of the bonds on January 1,2013?

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Marine Sedimentary Facies

Specific areas within sedimentary deposits in marine environments characterized by a distinct set of physical, chemical, and biological attributes.

Limestone

A sedimentary rock composed mainly of calcite, formed by the accumulation of shell, coral, algal, and fecal debris in shallow seas.

Shoreline Environment

The area where land meets a body of water, characterized by unique ecological and geological features.

Red Rocks

Rocks that have a reddish hue, typically due to the presence of iron oxide or other minerals.

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