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14-07 Redemption of Bonds Payable A $950,000 bond issue on which there is an unamortized premium of $70,000 is redeemed for $762,000. Journalize the redemption
14-07 Redemption of Bonds Payable
A $950,000 bond issue on which there is an unamortized premium of $70,000 is redeemed for $762,000.
Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
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