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Repayment of bond before maturity On January 1, 2023, Braveheart Corp. issued bonds with a...

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Accounting

Repayment of bond before maturity On January 1, 2023, Braveheart Corp. issued bonds with a par value of $1,000,000 at 98 (which is net of issue costs), due in 15 years. Six years after the issue date, the entire issue is called at 102 and cancelled. Instructions Prepare the journal entry to reflect the reacquisition of the bond assuming the straight-line a:nortization method.
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On January 1,2023, Braveheart Corp. issued bonds with a par value of $1,000,000 at 98 (which is net of issue costs), due in 15 years. Six years after the issue date, the entire issue is called at 102 and cancelled. Instructions Prupare the journal entry to reflect the reacquisition of the bond assuming the straight-line aunortization method

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