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Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds. On January 1, 2017, 1, 250, 9%, 5-year, $1, 250 bonds dated January 1, 2017, were issued at face value. On July 1, $716,000, 10%, 5-year bonds dated July 1, 2017, were issued at 103. On September 1, $325,000, 8%, 5-year bonds dated September 1, 2017, were issued at 97. Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Debit Cash 15,62,500 Credit Bonds Payable 15,62,500 Debit Cash     7,37,480 Credit Premium on bonds payable        21,480 Credit Bonds payable     7,16,000 Debit Cash     3,15,250 Debit Discount on Bonds Payable           9,750 Credit Bonds Payable     3,25,000

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