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A $980,000 bond issue on which there is an unamortized premium of $77,000 is redeemed...

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Accounting

A $980,000 bond issue on which there is an unamortized premium of $77,000 is redeemed for $805,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Bonds Payable Premium on Bonds Payable Gain on Redemption of Bonds Cash

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