A $700,000 bond issue on which there is an unamortized discount of $60,000 is redeemed for $685,000.

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A $700,000 bond issue on which there is an unamortized discount of $60,000 is redeemed for $685,000. Journalize the redemption of the bonds.

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Accounting

ISBN: 978-0324401844

22nd Edition

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

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Question Posted: Jul 17, 2012 01:15 AM

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A $700,000 bond issue on which there is an unamortized discount of $60,000 is redeemed for $685,000.

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