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Present entries to record the selected transactions described below. Required: (a) issued $2,750,000 of 10-year, 8% bonds at 97 * (b) Amortized bond discount for
Present entries to record the selected transactions described below. Required: (a) issued $2,750,000 of 10-year, 8% bonds at 97 * (b) Amortized bond discount for a full year, using the straight-line method." (c) At the end of the third year, called bonds at 98. The bonds were carried at 52,692,250 at the time of the redemption "Refer to the Chart of Accounts for exact wording of account titles
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