Present entries to record the selected transactions described below:
(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.

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The Answer of Present entries to record the selected transactions described below:
(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.

Present Entries to Record the Selected Transactions Described Below