Question: Bond Redemption On January 1 , 2 0 2 3 , King Corporation has an outstanding bond issue with a face amount of $ 9

Bond Redemption On January 1,2023, King Corporation has an outstanding bond issue with a face amount of $900,000 and a carrying amount of $880,000. King calls the bonds at 101. Prepare the journal entry to record the bond redemption.

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