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PLEASE ANSWER QUICKLY. THANK YOU Teal Mountain Inc. is $3.9 million, 5 year, 12% bonds at 103, with interest payable on January 1. The straight

PLEASE ANSWER QUICKLY. THANK YOU image text in transcribed
Teal Mountain Inc. is $3.9 million, 5 year, 12% bonds at 103, with interest payable on January 1. The straight line method is used to amortize bond premium (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Jan 1

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