The Sipowicz Company retired $500,000 face value, 12% bonds on June 30, 2022, at 102. The carrying

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The Sipowicz Company retired $500,000 face value, 12% bonds on June 30, 2022, at 102. The carrying value of the bonds at the redemption date was $512,000. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded. Prepare the appropriate journal entry for the redemption of the bonds