Question: BE 1 5 . 1 3 ( LO 4 ) AP Video The balance sheet for Miley Corporation reports the following information on July 1

BE15.13(LO 4) AP Video The balance sheet for Miley Corporation reports the following
information on July 1,2024.
Non-current liabilities
Bonds payable, 4%, due 2027,$940,000
The face value of these bonds is $1 million. Miley decides to redeem these bonds at 101 after paying
annual interest. Prepare the journal entry to record the redemption on July 1,2024.
BE15.13(LO 4) AP Video The balance sheet for Miley Corporation reports

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