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  3. (a) issued $2,750,000 of 10-year, 8% bonds at 97.

(a) Issued $2,750,000 of 10-year, 8% bonds at 97. (b) Amortized bond discount...

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Accounting

(a) Issued $2,750,000 of 10-year, 8% bonds at 97.
(b) Amortized bond discount for a full year, using thestraight-line method.
(c) Called bonds at 98. The bonds were carried at $2,692,250 at the time of the redemption.

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