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Analyzing Financial statement Effects of Bond Redemption Weis corporation issued $600.000 of 10%, 20 year bonds at 106 on January1, 2015. interest is payable semiannually

Analyzing Financial statement Effects of Bond Redemption

Weis corporation issued $600.000 of 10%, 20 year bonds at 106 on January1, 2015. interest is payable semiannually on June 30 and December 31. Through January 1, 2020 Weiss amortized $10.000 of the bond premium. on January 1, 2020 Weis retired the bonds at 103. Use the financial statement effects template to illustrate the bond retirement at January 1, 2020

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