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Posted on Jun 10, 2024

A $ 4 8 5 , 0 0 0 bond issue on which there is an unamortized discount of $ 3 1 , 0 0

A $

485, 000

bond issue on which there is an unamortized discount of $

31, 000

is redeemed for $

473, 000 .

Required:

Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.

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