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W E12-26 (similar to) Seaview Magazine issued $390,000 of 15-year, 8% callable bonds payable on July 31, 2018, at 99. On July 31, 2021. Seaview
W E12-26 (similar to) Seaview Magazine issued $390,000 of 15-year, 8% callable bonds payable on July 31, 2018, at 99. On July 31, 2021. Seaview called the bonds at 101. Assume annual interest payments. Requirements Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required. 1. 2. Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021. (Assume bonds payable are amortized using the straight-line amortization method.) First, complete the sentence below. The carrying amount of the bonds payable at issuan uance (July 31, 2018) is $ 388,100The discount on the bonds at issuance amounts to $ 3,900 The carrying amount of the bonds payable at July 31, 2021 is s
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