Question: Redo Concept Check 2 with the straight-line method, assuming that the bond sells for 106. In Concept Check 2, On December 1, Lynch Co. issued

Redo Concept Check 2 with the straight-line method, assuming that the bond sells for 106.
In Concept Check 2, On December 1, Lynch Co. issued five $2,400, 10%, 30-year bonds at 97. Record the journal entry.

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