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6.00 points AMC Entertainment Inc owns and operates moie theaters worldwide. Assume the company issued 6 percent bonds at their $43,200,000 face value and then

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6.00 points AMC Entertainment Inc owns and operates moie theaters worldwide. Assume the company issued 6 percent bonds at their $43,200,000 face value and then used all of these cash proceeds to retire bonds with a stated interest rate of 8 percent At that time, the 8 percent bonds had a carrying value of $40,000,000 Required: 1. Prepare the journal entries to record the issuance of the 6 percent bonds and the early retirement of the 8 percent bonds. Assume both sets of bonds were issued at face value. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 6 percent bonds in the amount of $43,200,000. Notes Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal

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