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Three years ago American Insulation Corporation issued 10%,$920,000,9 year bonds for $830,000. American insulation exercised its call privilege and retired the bonds for $910,000. The

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Three years ago American Insulation Corporation issued 10%,$920,000,9 year bonds for $830,000. American insulation exercised its call privilege and retired the bonds for $910,000. The corporation uses the straight-line method to determine interest. Required: Prepare the joumal entry to record the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the call of the bonds. Note: Encer debta before crasits

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