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Worldview Magazine issued $500,000 of 15 year, 9% callable bonds payable on July 31, 2018 at 97 On July 31, 2021, Worldview called the bonds
Worldview Magazine issued $500,000 of 15 year, 9% callable bonds payable on July 31, 2018 at 97 On July 31, 2021, Worldview called the bonds at 101. Assume annual interest payments Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 2. Assume all amortization has been recorded properly Journalize the retirement of the bonds on July 31, 2021. No explanation is required July 31, 2021 (Assume bonds payable are amortized using the Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable straight-ine amortization method) First, complete the sentence below 5 43500 The discount on the bonds at The carrying amount of the bonds payable at isance July 31, 2018) ance amounts to
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