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On January 1, 2019, Shay Company issues $320,000 of 9%, 20-year bonds The bonds sell for $309,600 Six years later on January 2025 Shay retires

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On January 1, 2019, Shay Company issues $320,000 of 9%, 20-year bonds The bonds sell for $309,600 Six years later on January 2025 Shay retires these bonds by buying them on the open market for $335,200. All interest is accounted for and paid through December 31, 2024 the day before the purchase. The straight-line method is used to amortize any bond discount 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bords for the entire period from January 1, 2019, through December 31, 20247 3. What is the carrying (book) value of the bonds as of the close of business on December 31, 2024? 4. Prepare the journal entry to record the bond retirement Complete this question by entering your answers in the tabs below He and 1 What is the amount of the discount on the bonds at issuance 2. How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2019, through December 31, 20247 Amount of discount Amortization of discount 2 Roy > Saved Help Submit Save & Ext On January 1, 2019, Shay Company issues $320.000 of 9%, 20-year bonds. The bonds sell for $309,600 Six years later, on January 1 2025, Shay retires these bonds by buying them on the open market for $335.200 All interest is accounted for and paid through December 31 2024, the day before the purchase. The straight-line method is used to amortize any bond discount 1. What is the amount of the discount on the bonds at issuance? 2 How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2019, through December 31 2024? 3. What is the carrying (book) value of the bonds as of the close of business on December 31, 2024? 4. Prepare the journal entry to record the bond retirement Complete this question by entering your answers in the tabs below. Reg 1 and 2 Rega Reg 4 what is the carrying (book) value of the bonds as of the close of business on December 31, 20247 Bonds Remaining discount Carrying value VIEWS Journal entry worksheet 100 Please make sure I can see the entire answer if not I will have to leave a dislike, thank you

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