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A company retired $64 million of its 5% bonds ot 105 (567.2 million) before their scheduled maturity. At the time, the bonds had a remaining

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A company retired $64 million of its 5% bonds ot 105 (567.2 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $1 million Prepare the journal entry to record the redemption of the bonds (Enter your answers in millions rounded to 1 decimal placefies 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the redemption of the bonds. Nobel Enter debit before credits Event General Journal Debit Credit 1

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