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retirement of bonds prior to maturity alpha,inc, issued $100,000 of its 7% five-year bonds on january 1, 20x1 ,at 101. interest is paid on january
retirement of bonds prior to maturity alpha,inc, issued $100,000 of its 7% five-year bonds on january 1, 20x1 ,at 101. interest is paid on january 1 and july 1. the bonds are callable at 105 plus accrued interest and straight-line amortization is used. the bonds are recalled on april 1 20x3
- Prepare the journal entry to record the issuance of the bonds on January 1,20x1
- Prepare the journal entry to accrue the necessary amount of interest for the April 1,20x3 retirement
- prepare the journal entry to record the April 1,20x3 retirement
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