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Lakeside Magazine is sued $300,000 of 15 -year, 6% callable bonds payable on July 31, 2018, at 93 . On July 31, 2021, Lakeside called

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Lakeside Magazine is sued $300,000 of 15 -year, 6% callable bonds payable on July 31, 2018, at 93 . On July 31, 2021, Lakeside called the bonds at 103 Assume annual interest payments. Requirements 1. Without making joumal entries, compute the carrying amount of the bonds payable at July 31,2021. 2. Assume at amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021, No explanation is required. Requirement 1. Without making joumal entries, compute the carrying amount of the bonds payable at July 31, 2021. (Assume bonds payable aro amontzod tzung the straight-line amortization method.) First, complete the sentence below. The carrying amount of the bonds payable at issuance (duly 31,2018 ) is issuance amounts to on the bonds at The carrying amount of the bonds payable at July 31, 2021 is Requirement 2. Assume all amortization has been recorded proporty. Journalize the rotirement of the bends on July 31, 2021, No explatation is reelired. (Fecoved) debits first, then credits. Exclude explanations from any joumal entries.) Requirement 2. Assume all amortization has been recorded properly. Journalizo the retirement of the bonds on July 31 , 2021 . No explanation is raquired (Record debits first, then credits. Exclude explanations from any journal ontries.)

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