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8. For the bond $52,723, the company decided to retire the bond and pay their bondholders at the end of year 2 (12/31/2019). They paid

8. For the bond $52,723, the company decided to retire the bond and pay their bondholders at the end of year 2 (12/31/2019). They paid their bond holders $51,500 to retire the bonds create the journal entry upon retirement of the bonds

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