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    Financial and Managerial Accounting Study Set 5
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    Exam 12: Long-Term Liabilities: Bonds and Notes
  5. Question
    A $525,000 Bond Issue on Which There Is an Unamortized
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A $525,000 Bond Issue on Which There Is an Unamortized

Question 130

Question 130

Essay

A $525,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $475,000. Journalize the redemption of the bonds.

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