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Several years ago, Brant, Incorporated, sold $ 1 , 0 2 0 , 0 0 0 ?in bonds to the public. Annual cash interest of

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Several years ago, Brant, Incorporated, sold $1,020,000 ?in bonds to the public. Annual cash interest of 8 ?percent ( ?$81,600) ?was to be pald on this debt. The bonds were issued at a discount to yleld 10 ?percent. At the beginning of 2022. ?Zack Corporation (a wholly owned subsidlary of Brant) ?purchased $170,000 ?of these bonds on the open market for $191,000, ?a price based on an effectuve interest rate of 6 ?percent. The bond llability had a carrying amount on that date of $900,000. ?Assume Brant uses the equity method to account Internally for its investment in Zack.
Required:
a. ?& b. ?What consolidation entry would be required for these bonds on December 31,2022 ?and December 31,2024? ?Note: If no entry is required for a transaction/event, ?select "No journal entry required" in the first account field. Round your Intermedlate calculatlons and final answers to nearest whole number.
\table[[x ?Answer is not complete.],[No,Date,,,,Debit,Gredit],[1,December 31,202,Bonds payable,,Q,151,400C,42
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