An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.

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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.

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jul 28, 2018 11:59 AM

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An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.

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Corporate Financial Accounting

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