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    Financial Accounting Study Set 6
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    Exam 8: Liabilities
  5. Question
    If a Bond Is Redeemed Before Maturity, the Journal Entry
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If a Bond Is Redeemed Before Maturity, the Journal Entry

Question 29

Question 29

True/False

If a bond is redeemed before maturity, the journal entry to record the redemption will debit the bond payable and debit any unamortized premium.

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