The Sipowicz Company retired $400,000 face value, 12% bonds on June 30,2022 , at 102...
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Accounting
The Sipowicz Company retired $400,000 face value, 12% bonds on June 30,2022 , at 102 . The carrying value of the bonds at the redemption date was $402,000. The bonds pay annual interest, and the interest payment due on June 30,2022 , has been made and recorded. Prepare the appropriate journal entry for the redemption of the bonds
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