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A $480,000 bond issue on which there is an unamortized discount of $33,000 is redeemed for $472,000. Journalize the redemption of the bonds. If
A $480,000 bond issue on which there is an unamortized discount of $33,000 is redeemed for $472,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Bonds Payable Loss on Redemption of Bonds C Discount on Bonds Payable Cash 480,000 x 472,000
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
