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Path un completion Status: QUESTION 4 30 points Lennox Company sold 550,000,000,5%. 20-year bond on January 1, 2020. The bonds are dated January 1 and

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Path un completion Status: QUESTION 4 30 points Lennox Company sold 550,000,000,5%. 20-year bond on January 1, 2020. The bonds are dated January 1 and pay interest annually on Januwy 1 The company uses the straight line method of amortization when relevant, on bond premiums and discounts Prepare the following entries of the bonds are issued at 103 a January 1, 2020 Issuance of the bonds b Accrual of Interest on December 31, 2020 and amortization, if applicable c. Payment of interest on January 1, 2021 d December 31, 2029 Redeemed the bonds after 10 years. The balance in the premium account was 5750.0000. The bonds were redeemed at 98 Interest had been paid and recorded

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