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Assume a $60,000 face value bond is retired early for 95% of face value . At the time of early retirement, the bond has a

Assume a $60,000 face value bond is retired early for 95% of face value. At the time of early retirement, the bond has a book value of $58,579. The journal entry to record the early retirement of this bond will contain a...

Question 10 options:

Debit to Premium of $1,421

Credit to Premium of $1,421

Debit to Discount of $1,421

Credit to Discount of $1,421

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