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4. Babyan Company has callable bonds issued at a discount. They call the bonds at 103. At the time of the call, the bonds had

4. Babyan Company has callable bonds issued at a discount. They call the bonds at 103. At the time of the call, the bonds had a face value of $10,000,000 and a carrying value of $9,800,000. Prepare the journal entry to record the call.

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