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the straight-line method. On December 31,2022, Ashford retired the bonds early...

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Accounting

the straight-line method. On December 31,2022, Ashford retired the bonds early by purchasing them at a market price of 95. The company's fiscal year ends on December 31.
Read the requirements.
Requirement 1. Journalize the issuance of the bonds on January 1,2020.(Record debits first, then credits. Exclude explanations from any journal entries.)
Journal Entry
Requirements
Journalize the issuance of the bonds on January 1,2020.
Record the semiannual interest payment and amortization of bond discount on
July 1,2020.
Record the interest accrual and discount amortization on December 31,2020.
Calculate the carrying value of the bonds payable on December 31,2022, prior
to their retirement.
Calculate the gain or loss on the retirement of the bonds payable on
December 31,2022. Indicate where this gain or loss will appear in the financial
statements.
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