.

Present entries to record the selected transactions described below.

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

If an amount box does not require an entry, leave it blank.

b. Amortized bond discount for a full year, using the straight-line method.

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

If an amount box does not require an entry, leave it blank.