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QUESTION 2 [7 MARKS] The following section is taken from Ahsan Company's Statement of Financial Position at December 31 2020 Current liabilities Interest Payable $

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QUESTION 2 [7 MARKS] The following section is taken from Ahsan Company's Statement of Financial Position at December 31 2020 Current liabilities Interest Payable $ 200.000 Non-current liabilities Bonds Payable, 10%, due January 1, 2025 4,000,000 Interest is payable semiannually on January 1 and July 1. The bonds are callable on any interest date REQUIRED fa) Journalize the payment of the bond interesten January 1, 2021 th) Assume that on January 1, 2021, after paying interest Greene calls bonds having atace value of $600,000. The call price is 105. Record the redemption of the bonds Id Prepare the entry to record the payment of interest on July 1, 2021, assuming no previous actual of interest on the remaining bonds

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