Question: File entries to record the selected transactions described below: (a) Issued $2,750,000 of 10-year bonds, 8% at 97. (b) Discount of bonds amortizing for one

File entries to record the selected transactions described below:

(a) Issued $2,750,000 of 10-year bonds, 8% at 97.

(b) Discount of bonds amortizing for one full year, using the straight-line method .

(c ) At the end of the third year, 98 bonds were called. The bonds were valued at $2,692,250 at redemption.


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