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See attached photo. Show your work please. Thanks. Prepare journal entries to record the following transactions relating to long-term bonds of Flynn. Inc. (Show computations.)

See attached photo. Show your work please. Thanks. image text in transcribed
Prepare journal entries to record the following transactions relating to long-term bonds of Flynn. Inc. (Show computations.) On June 1, 2004. Flynn, Inc. issued $800,000, 6% bonds for $783,520, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2014. The bonds are callable at 102. On August 1, 2004, Flynn paid interest on the bonds and recorded amortization. Flynn uses straight-line amortization. On February 1, 2006, Flynn paid interest and recorded amortization on all of the bonds, and purchased $480,000 of the bonds at the call price. Assume that a reversing entry was made on January 1, 2006

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