Question: Using the data presented in BE16-5 and BE16-6, assume Strand Corp. sells the bonds on January 1, 2015, at 98. Prepare the journal entry to

Using the data presented in BE16-5 and BE16-6, assume Strand Corp. sells the bonds on January 1, 2015, at 98. Prepare the journal entry to record the sale of the bonds under each set of assumptions.

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