Present entries to record the selected transactions

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Reference no: EM13355622

Present entries to record the selected transactions described below:

(a) Issued $3,250,000 of 10-year, 8% bonds at 97.
(b) Amortized bond discount for a full year, using the straight-line method.
(c) Called bonds at 98. The bonds were carried at $3,175,500 at the time of the redemption.

Reference no: EM13355622

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