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On February 1, 29, Bell Company issued $2,556,000 of 20-year, 5% bonds at 90. The bonds were dated February 1, 29, and pay interest on

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On February 1, 29, Bell Company issued $2,556,000 of 20-year, 5% bonds at 90. The bonds were dated February 1, 29, and pay interest on February 1 and August 1. Bell Company uses the straight-line method to amortize the discount or premium. Required: Assuming that the entry to amortize the discount or premium to date has been made, what is the carrying value of the bonds on December 31, 377 XS

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