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Parkview Magazine issued $390,000 of 15-year, 5% callable bonds payable on July 31, 2024, at 95. On July 31, 2027. Parkview called the bonds at
Parkview Magazine issued $390,000 of 15-year, 5% callable bonds payable on July 31, 2024, at 95. On July 31, 2027. Parkview called the bonds at 104 . Assume annual interest payments Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31 . 2027 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31,2027 . No explanation is required. Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2027. (Assume bonds payable are amortized using the straight-line amortization method.) First, complete the sentence below. The carrying amount of the bonds payable at issuance (July 31, 2024) is on the bonds issuance amounts to
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