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3 A company retired $61 million of its 5% bonds at 105 (5672 million) before their scheduled maturity. At the time, the bonds had a

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3 A company retired $61 million of its 5% bonds at 105 (5672 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $1 million Prepare the journal entry to record the redemption of the bonds (Enter your answers in millions rounded to 1 decimal place the 5,500,000 should be entered os 5.5). If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 2 points Sapped View transaction list

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