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Amalon Inc. retired a $500,000, 5% bond issue at 94. If the unamortized premium is $3,400, the entry will include a: Select one: a. Debit
Amalon Inc. retired a $500,000, 5% bond issue at 94. If the unamortized premium is $3,400, the entry will include a: Select one: a. Debit to loss on bond retirement for $33,400. b. Credit to gain on bond retirement for $33,400. C. Credit to gain on retirement for $3,400. d. Debit to loss on bonds payable for $3,400
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