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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?
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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