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On January 2, 2020, Nash Corporation issued $2,050,000 of 1036 bonds at 96 due December 31,2029 . Interest on the bonds is payable annually eacti

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On January 2, 2020, Nash Corporation issued $2,050,000 of 1036 bonds at 96 due December 31,2029 . Interest on the bonds is payable annually eacti December 31 . The discount on the bonds is also being amortired on a straight-fine basis over the 10 years. IStraight-line is not materially different in effect from the preferable "interest method?") The bonds are callable at 101 (ie, at 101% of face value), and on January 2, 2025, Nash called 51,230,000 face value of the bonds and receemed them Ignoring income taxes, compute the amount of loss, if any, to be recognired by Nash as a result of retiring the $1,230,000 of bonds in Loss on redemption Entry" for the account triles and enter O for the omounts. Oedit occount thler ore automaticoily indented when the amount is critered. Do not indent monuolly List all debit entries before credit entiles)

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