Question: at 98 . Instructions a. Prepare the journal entry to record the issuance of the bonds on January 1, 2025. b. At December 31, 2025,

at 98 . Instructions a. Prepare the journal entry to record

at 98 . Instructions a. Prepare the journal entry to record the issuance of the bonds on January 1, 2025. b. At December 31, 2025, \$8,000 of the bond discount had been amortized. Show the long-term liability balance sheet presentation of the bond liability at December 31,2025. c. At January 1, 2027, when the carrying value of the bonds was $5,896,000, the company redeemed the bonds at 102 . Record the redemption of the bonds assuming that interest for the year had already been paid. Loss $224,000

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