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PLEASE READ THIS BEFORE SOLVING: I only need REQUIREMENT 4 solved, nothing more, nothing less. Please provide a detailed explanation of how you get every
PLEASE READ THIS BEFORE SOLVING:
I only need REQUIREMENT 4 solved, nothing more, nothing less.
Please provide a detailed explanation of how you get every number to calculate the answer.
Or else I'll have to downvote and ask again.
Here's the problem
Read the Requirement 3. Record the interest accrual and discount amortization on December 31, 2020. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 4. Calculate the carrying value of the bonds payable on December 31, 2022, prior to their retirement. The carrying value of the bonds payable on December 31,2022 , prior to their retirement is
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