Question: can someone please solve this ? thank you Magic Mountain retires its 8% bonds having a face amount of $121,000 for $123,000 before their scheduled

can someone please solve this ?

thank you

Magic Mountain retires its 8% bonds having a face amount of $121,000 for $123,000 before their scheduled maturity. At the time, the bonds have a carrying value of $115,000 Required: Record the early retirement of the bonds, (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the early retirement of the bonds. Note: Enter debits before credits

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