$5,000 (face value) of bonds with a book value of $4,300 was retired 4 years and...

 

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$5,000 (face value) of bonds with a book value of $4,300 was retired 4 years and 9 months prior to maturity. The dollar amount (excluding interest) paid to retire the bonds was $4,700. The entry to record the retirement would include: dr. bonds payable $5,000 cr. cash $4,300. dr. bonds payable $4,700 cr. unusual gain $400 $5,000 (face value) of bonds with a book value of $4,300 was retired 4 years and 9 months prior to maturity. The dollar amount (excluding interest) paid to retire the bonds was $4,700. The entry to record the retirement would include: dr. bonds payable $5,000 cr. cash $4,300. dr. bonds payable $4,700 cr. unusual gain $400

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