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(7) On January 1, 2023, Brewers Corporation issued $ 700,000 of 5% 5 year bonds at 98, with interest paid annually. Using the straight line

(7) On January 1, 2023, Brewers Corporation issued $ 700,000 of 5% 5 year bonds at 98, with interest paid annually. Using the straight line amortization method what is the carrying value of the bonds on Jan 1, 2023?

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