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Meion Company issues $1.095.000 of its 8%, 10-year bonds at 98 on February 28, Year 1. The bonds pay interest on February 28 and August

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Meion Company issues $1.095.000 of its 8%, 10-year bonds at 98 on February 28, Year 1. The bonds pay interest on February 28 and August 31. Assume that Melon uses the straight-line method for amortization. What net amount will be reported for the bonds on the August 31. Year 1 balance sheet? $1.095.000 $1.074.195 51.07.100 51.672.005

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