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A company retires its bonds at 105. The face value is$100,000 and the carrying value of the bonds at the retirement date is $103, 745.

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A company retires its bonds at 105. The face value is$100,000 and the carrying value of the bonds at the retirement date is $103, 745. The issuer's journal entry to record the retirement will include a: Debit to Premium on Bonds. Credit to Premium on Bonds. Debit to Discount on Bonds Credit to Gain on Bond Retirement credit to Bonds Payable

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