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Redemption of Bonds Payable A $920,000 bond issue on which there is an unamortized premium...

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Accounting

Redemption of Bonds Payable

A $920,000 bond issue on which there is an unamortized premium of $60,000 is redeemed for $823,000.

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

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