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Business, 18.02.2020 18:00 kate5582

Three years ago American Insulation Corporation issued 10%, $850,000, 12-year bonds for $795,000. American Insulation exercised its call privilege and retired the bonds for $840,000. The corporation uses the straight-line method to determine interest. Required:Prepare the journal entry to record the call of the bonds.

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Three years ago American Insulation Corporation issued 10%, $850,000, 12-year bonds for $795,000. Am...

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