Trump Corporation redeemed $600,000 of its bonds on June 30, 2020, at 102 and immediately...
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Trump Corporation redeemed $600,000 of its bonds on June 30, 2020, at 102 and immediately retired them. The carrying value of the bonds on the retirement date was $622,000. The bonds pay annual interest and the interest payment due on June 30, 2020, and the required entries have been made and recorded. Instructions: Record the entry to retire the bonds.
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