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Windsor, inc sold $5,600,000,11%,15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest each December 31. The bonds were

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Windsor, inc sold $5,600,000,11%,15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest each December 31. The bonds were sold at 98 . (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are outomotically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the omounts) Your answer is correct. At December 31, 2022, \$8,000 of the bond discount had been amortized. Show the long-term liability balance sheet presentation of the bond liability at December 31, 2022. (Enter account name only and do not provide descriptive information.) At January 1, 2024, when the carrying value of the bonds was $5,492,500, the company redeemed the bonds at 104 . Record the redemption of the bonds assuming that interest for the year had already been paid. (Credit occount titles are automotically indented When amount is entered. Do not indent manually. If no entry is required, select 'No Entry" for the occount titles and enter 0 for the amounts.)

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