Question: Present entries to record the selected transactions described below: Required: a. Issued $2,750,000 of 10-year, 8% bonds at 97.* b. Amortized bond discount for a

Present entries to record the selected transactions described below:

Required:

a. Issued $2,750,000 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. Assume the bonds were carried at $2,692,250 at the time of the redemption.*
*Refer to the Chart of Accounts for exact wording of account titles.

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