PROBLEM THREE Present entries to record the selected transactions a) b) Amortized the bond Issued $3,250,000 of 10-year, 8% bonds at 97 using the straight-line method discount for a full year, straight-line method. e carrying value of the bonds at the time of the c) Called in the bonds at 98. Th redemption was $3,175,500 PROBLEM THREE Present entries to record the selected transactions listed bel ow. Issued $3,250,000 of 10-year, 800 bonds at97 using the strai Amortized the bond dis a) s at 97 b) c) Called in the at redemption was $3,175,500 e bonds at 98. The carrving value of the bonds at the time
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