An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for...
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An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
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When redeeming bonds we need to remove the bonds payable the unamor... View the full answer
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