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    Fundamental Accounting Principles
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    Exam 14: Long-Term Liabilities
  5. Question
    A Company Calls $150,000 Par Value of Bonds with a Carrying
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A Company Calls $150,000 Par Value of Bonds with a Carrying

Question 65

Question 65

Essay

A company calls $150,000 par value of bonds with a carrying value of $147,950.The company calls the bonds at $151,000.Prepare the journal entry to record the retirement of the bonds.

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