Journal entry to record the reacquisition of the bonds

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Reference no: EM13254774

Alpha, Inc. issued $100,000 of its 7% fiveyear bonds on January 1, 2014 at 98. Interest is paid onJanuary 1 and July 1. The bonds are callable at 103 and straightline amortization is used. The bondsare recalled on April 1,2016The journal entry to record the reacquisition of the bonds will include a

Reference no: EM13254774

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