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Ajax, Incorporated, issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bonds have
Ajax, Incorporated, issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bonds have a carrying value of $990,000. We call these bonds prior to maturity on September 30. Record the necessary journal entry.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
