Question: PROBLEM ONE Present entries to record the selected transactions listed below a) Issued $3,250,000 of 10-year, 8% bonds at 97. b) Amortized the bond discount

PROBLEM ONE Present entries to record the selected transactions listed below a) Issued $3,250,000 of 10-year, 8% bonds at 97. b) Amortized the bond discount for a full year, using the straiggt-line method c) Called in the bonds at 98. The carrying value of the bonds at the time of the redemption was $3,175,500

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