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JE Question #3 A few years ago, TK Company issued $50,000,000 par value bonds for $53,000,000. Attached to each bond is a warrant that can

JE Question #3 A few years ago, TK Company issued $50,000,000 par value bonds for $53,000,000. Attached to each bond is a warrant that can be easily sold for $70 each. Record the joumal entry assuming the bonds could readily sell for about 101.

Today, the unamortized discount is $350,000 and the bond is called at 99 . Record this journal entry.

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