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7. Bond Redemption On January 1, 2020, Parker Corporation has an outstanding bond issue with a face amount of $800,000 and a carrying amount of

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7. Bond Redemption On January 1, 2020, Parker Corporation has an outstanding bond issue with a face amount of $800,000 and a carrying amount of $780,000. Parker calls the bonds at 102. Prepare the journal entry to record the bond redemption

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