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6) On March 21, 2017, the bond accounts of Pugh Sales showed the following balances. Bonds Payable 65,000 Discount on Bonds Payable 3,250 Pugh
6) On March 21, 2017, the bond accounts of Pugh Sales showed the following balances. Bonds Payable 65,000 Discount on Bonds Payable 3,250 Pugh Sales retires the bonds for $66,150. Prepare the journal entry to record the retirement of the bonds.
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Intermediate Accounting
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
8th edition
978-1259997525, 1259997529, 978-1259548185
