A $1,500,000 bond issue on which there is an unamortized discount of $70,100 is redeemed for $1,455,000.

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A $1,500,000 bond issue on which there is an unamortized discount of $70,100 is redeemed for $1,455,000. Journalize the redemption of the bonds.

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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Oct 27, 2016 02:03 AM

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A $1,500,000 bond issue on which there is an unamortized discount of $70,100 is redeemed for $1,455,000.

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Accounting

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