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A $960,000 bond issue on which there is an unamortized premium of $85,000 is redeemed...

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Accounting

A $960,000 bond issue on which there is an unamortized premium of $85,000 is redeemed for $764,000.

Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

Bonds Payable
?
?
Cash

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